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1) You're at your local lunch restaurant. All lunch specials cost $15 and you have a gift card for $15 for this restaurant that expires

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1) You're at your local lunch restaurant. All lunch specials cost $15 and you have a gift card for $15 for this restaurant that expires today. You eat only 1 dish for lunch. Table 1 gives you the menu with your benefit for each option, expressed in dollars. Lunch Special Your benefit Vegetarian $18 Beef $25 Chicken $20 Fish $14 Table 1: Lunch meal costs and benefits la) What is the cost of choosing (buying and eating) the beef special? 1b) What is the opportunity cost of choosing the vegetarian option? 1c) If you read an article on health that says fish and vegetables are healthier option. It changes your benefits from the vegetarian option to $19 and the fish to $23. What is the cost of choosing the beef option now? 1d) What do you choose to eat? Explain your reasoning using opportunity costs. le) I said that the gift card expired today. Does it matter for your analysis? if) I said that you have a gift card. Does it matter for your analysis

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