Business, 06.11.2019 22:31 ReaganS4

Barb’s aunt gave her $100 for her birthday with the condition that barb buy herself something. in deciding how to spend the money, barb narrows her options down to four choices: option a, option b, option c, and option d. each option costs $100. finally she decides on option b. the opportunity cost of this decision is
a. the value to barb of options a, c and d combined.
b. $100.
c. the average of the values to barb of options a, c, and d.
d. the value to barb of the option she would have chosen had option b not been available.

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Barb’s aunt gave her $100 for her birthday with the condition that barb buy herself something. in de...

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