miles from an attraction you hadn't known about, but would really like to see. In computing the opportunity cost of visiting this attraction you had not planned to visit you should include O both the cost of driving the first 1,000 and the next 50 miles. O the cost of driving the next 50 miles, but not the cost of driving the first 1,000 O the cost of driving the first 1,000 miles, but not the cost of driving the next 50.
miles from an attraction you hadn't known about, but would really like to see. In computing the opportunity cost of visiting this attraction you had not planned to visit you should include O both the cost of driving the first 1,000 and the next 50 miles. O the cost of driving the next 50 miles, but not the cost of driving the first 1,000 O the cost of driving the first 1,000 miles, but not the cost of driving the next 50.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:You have driven 1,000 miles on a vacation and then you notice that you are only 50
miles from an attraction you hadn't known about, but would really like to see. In
computing the opportunity cost of visiting this attraction you had not planned to visit,
you should include
O both the cost of driving the first 1,000 and the next 50 miles.
O the cost of driving the next 50 miles, but not the cost of driving the first 1,000
O the cost of driving the first 1,000 miles, but not the cost of driving the next 50.
O neither the cost of driving the first 1,000 miles nor the cost of driving the next 50 miles.
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