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Phydeaux Phydeaux
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6 years ago
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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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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