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Author Question: With a budget of $500 000, a school board can choose to purchase 20 000 textbooks or 2000 laptop ... (Read 91 times)

lauraleepop

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With a budget of $500 000, a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination) for use in classrooms.



FIGURE 1-2

Refer to Figure 1-2. Suppose the school board chooses to allocate all $500 000 to the purchase of laptop computers. What is the opportunity cost of this entire purchase?


◦ There is no opportunity cost because the purchase was made within the available budget.
◦ The opportunity cost is 2000 laptops.
◦ The opportunity cost is 20 000 textbooks.
◦ The opportunity cost is uncertain.
◦ The opportunity cost is $0.


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Marked as best answer by lauraleepop on Oct 12, 2022

delmiss

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lauraleepop

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)


skipfourms123

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Reply 3 on: Yesterday
:D TYSM

 

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