Consider the following events that change prices For each one, say whether the opportunity cost of consuming the affected good increases or decreases Affected good A local movie theater offers a student discount a Movie tickets b A tax on soft drinks passes in your Soft drinks state c Subsidies on ...

Consider the following events that change prices. For each one, say whether the opportunity cost of consuming

Question:

Consider the following events that change prices. For each one, say whether the of consuming the affected good increases or decreases.

Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...