The price of a cup of coffee is $2.00. Alternatively you could spend your money on granola bars which are $0.50. What is the opportunity cost of purchasing coffee?      A.) Health risks from drinking coffee     B.) The tea you could have drank instead     C.) 4 granola bars     D.) 2 dollars

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 2SQP
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The price of a cup of coffee is $2.00. Alternatively you could spend your money on granola bars which are $0.50. What is the opportunity cost of purchasing coffee? 

   

A.) Health risks from drinking coffee

   

B.) The tea you could have drank instead

   

C.) 4 granola bars

   

D.) 2 dollars

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