Question

The opportunity cost of buying a slice of pizza for two dollars rather than a burrito for two dollars is

A. The burrito

B. There is no opportunity cost

C. The slice of pizza

D. The two dollars spent on the pizza

Answer 1

the burrito

Step-by-step explanation:

Answer 2

The opportunity cost of buying a slice of pizza for two dollars rather than a burrito for two dollars is A. The burrito

Explanation:

"Opportunity cost" refers to the next most valued choice from the thing you selected. In simple words, we can also say that opportunity cost is the next important thing that you lost to get the current choice. Opportunity cost is also known as "Alternative cost" as its the alternative that we didn't choose while making the decision.

Here, the burrito is the opportunity cost of buying a slice of pizza for 2 dollars because it was the next most-valued alternative that customers could have chosen for 2 dollars and there were no other alternatives present in the list.