John gave Margaret a $20,000 painting for her birthday. Last week, an art dealer offered to buy the painting from Margaret for $25,000. Margaret said no. The opportunity cost of her decision is
A) $5,000.
B) $45,000.
C) $0.
D) $20,000.
E) $25,000.
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John gave Margaret a $20,000 painting for her birthday. Last week, an art dealer offered to buy the painting from Margaret for $25,000. Margaret said no. The opportunity cost of her decision is
A) $5,000. B) $45,000. C) $0. D) $20,000. E) $25,000. Answer
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