The $15 Kelly's Big Burger gift card that your friend gave you for your birthday expires oday. You can either use the gift card to buy yourself dinner at Kelly's Big Burger, or y can stay home and eat a delicious home-cooked meal. What is the opportunity cost of eating the home-cooked meal? a) The value of a $15 meal at Kelly's Big Burger. b) The value of the ingredients that go into the home-cooked meal, an the value of a $15 meal at Kelly's Big Burger. There is no opportunity cost since you did not pay for the gift card

The $15 Kelly's Big Burger gift card that your friend gave you for your birthday expires oday. You can either use the gift card to buy yourself dinner at Kelly's Big Burger, or y can stay home and eat a delicious home-cooked meal. What is the opportunity cost of eating the home-cooked meal? a) The value of a $15 meal at Kelly's Big Burger. b) The value of the ingredients that go into the home-cooked meal, an the value of a $15 meal at Kelly's Big Burger. There is no opportunity cost since you did not pay for the gift card

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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