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A consumer must decide between purchasing a new television or a new computer. If the consumer chooses the television, then what is the opportunity cost of this decision?

A. The opportunity cost is the consumer's benefit from purchasing the television.
B. The opportunity cost is the difference in price between the television and the computer.
C. The opportunity cost is the consumer's benefit from purchasing the computer.
D. The opportunity cost is the difference between the benefit from purchasing the television and the benefit from purchasing the computer.



Answer :

GinnyAnswer

Final answer:

Opportunity cost is the value of the next best alternative. In this scenario, the opportunity cost of choosing a new television is the benefit given up from not choosing the new computer.


Explanation:

Opportunity cost refers to the value of the next best alternative that must be given up to obtain something desired. In the context of choosing between a new television and a new computer, if the consumer selects the television, the opportunity cost would be the benefit they lose from not choosing the computer, which is the next best alternative.


Learn more about Opportunity cost in decision-making here:

https://brainly.com/question/1675370


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