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Mark has a weekly income of $40, which he plans to spend on coffee and subway
tickets. If the price of a cup of coffee is $4 and the price of a subway ticket is $2,
what is the opportunity cost of a cup of coffee (in terms of subway tickets)?

Sagot :

khuranashilpa76

The opportunity cost of a cup of coffee is  $4.

weekly income = $40

The price of a cup of coffee = $4

The price of a subway ticket is $2

Theopportunity cost of particular interest is the cost or advantage given up via carrying out that activity, relative to conducting an alternative pastime. more truly, it approaches if you chose one activity (for example, the funding you're giving up the possibility to do a one-of-a-kind alternative. The most reliable interest is the one that, net of its possible cost, provides a greater return compared to every other sport.

As a representation opportunity cost of the relationship between shortage and preference, the objective of possible value is to ensure the efficient use of scarce sources. It includes all related charges of a choice, both explicit and implicit. opportunity cost additionally includes the utility or monetary gain a character misplaced, if it's miles indeed more than the eco geo or actions taken

Hence, The opportunity cost of a cup of coffee is  $4.

Learn more about opportunity cost here:-https://brainly.com/question/1549591

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