Suppose Maria spends her afternoon at the beach, paying $2 to rent a beach umbrella and...

 

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Suppose Maria spends her afternoon at the beach, paying $2 to rent a beach umbrella and $10 for food and drinks, rather than spending an equal amount of money to go to a movie, her next-best option. Maria's opportunity cost of going to the beach is Select one: OA. $0, because the money she spent on food, drinks, and an umbrella would have been spent at the movie. OB. the pleasure of the movie she missed seeing. OC. the $12 she spent on the umbrella, food, and drinks. OD. the pleasure of the movie she missed seeing plus the $12 she spent on the umbrella, food, and drinks. OE. $2, because the money she spent on food and drinks would have been spent anyway. Suppose Maria spends her afternoon at the beach, paying $2 to rent a beach umbrella and $10 for food and drinks, rather than spending an equal amount of money to go to a movie, her next-best option. Maria's opportunity cost of going to the beach is Select one: OA. $0, because the money she spent on food, drinks, and an umbrella would have been spent at the movie. OB. the pleasure of the movie she missed seeing. OC. the $12 she spent on the umbrella, food, and drinks. OD. the pleasure of the movie she missed seeing plus the $12 she spent on the umbrella, food, and drinks. OE. $2, because the money she spent on food and drinks would have been spent anyway.

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Introduction Heal we are discussing about the concept opportunity cost Explanation O... View the full answer