Question
Suppose Bella has $1000 to spend on watches and/or bracelets. Watches cost $30 each and bracelets cost $10 each. What is the opportunity cost of
Suppose Bella has $1000 to spend on watches and/or bracelets. Watches cost $30 each and bracelets cost $10 each. What is the opportunity cost of buying 1 bracelet?
Group of answer choices
1/3 of a watch
3 watches
1 watch
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Managerial Economics
Authors: Mark Hirschey
14th edition
9781473709263, 1473709261, 1473717343, 1473717345, 978-1305506381
