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In this situation, what is Charles's opportunity cost if he purchases the printer?
a) The $250 he would have saved by purchasing the stereo system instead.
b) The entertainment and book expenses covered by his summer earnings.
c) The $900 he earned in summer earnings.
d) The entertainment and book expenses plus the cost of the stereo system.

Respuesta :


A. The $250 he would have saved by purchasing the stereo system instead.

This is because the opportunity cost represents the value of the next best alternative, which in this scenario is the savings he would have achieved by purchasing the stereo system instead of the printer.

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