asked 49.3k views
1 vote
Shari is trying to decide how she should use her cash birthday gifts. Her choices are new clothes, a concert ticket, or donating the money to her favorite charity. Shari decides to donate the money. The value given up by not choosing both the clothes and the concert ticket is called a _____ .

asked
User Blasio
by
7.6k points

2 Answers

4 votes
The answer is opportunity cost.
answered
User Olaseni
by
7.5k points
4 votes
It is called a trade-off.
answered
User Maasha
by
8.4k points