Question

HURRY PLEASE
A man spends $10 to take a chance in a raffle. He wins the first prize of a trip to San Pedro, or he instead choose a cash sum of $500. HE chooses the trip. What is the opportunity cost of choosing the trip?

A.
$490

B.
$10

C.
the lunch he had to forgo when he bought the ticket

D.
$500

Answer 1

Answer:

$490(A)

Explanation:

$500 - $10 = $490