Juke bought a new Xbox One games console for $295 but has never used it.The second-hand value of his Xbox One is $195. What is the opportunity of Juke owning the games console?
a) $0
b) $100
c) $195
d) $295
Answers
Answered by
3
Answer:
The opportunity cost of owning the games console is $195.
Explanation:
By keeping the Xbox One foregoes the chance of getting $195 by selling it.
The choice is only between owning the games console and getting $195. Getting the price for a new Xbox One of $195 is just no option.
Answered by
0
Answer:
b) $100
Explanation:
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