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Answer to Question #296549 in Microeconomics for jay
Question #296549
A restaurant patron has a coupon for one free dessert. The choices are the cake, the sorbet, the pie and the ice-cream. The patron’s first choice would be the cake, and the second choice would be the sorbet. What is the opportunity cost of choosing the pie? (Only one dessert can be chosen.)
Group of answer choices
missing out on the cake
missing out on the sorbet
missing out on the ice-cream
the dollar value of the pie
the combined dollar value of the cake, the sorbet, and the ice-cream.
Expert's answer
The combined dollar value of the cake, the sorbet, and the ice-cream
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