Answer to Question #296549 in Microeconomics for jay

Question

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.

Answer 1

The combined dollar value of the cake, the sorbet, and the ice-cream