Carlos is trying to decide among a hamburger, a hot dog, or a salad. he chooses the hamburger. any value given up by not choosing the hot dog or the salad is called the trade-off opportunity cost marginal benefit

B. Opportunity Cost

Opportunity cost refers to the value of benefits one gives up when choosing an alternative or making a decision. It can also be described as the value of the next best alternative.

Opportunity costs are also known as alternate costs.

When Carlos decides to have a hamburger, his alternate costs comprise of the costs of the hot dog or the salad.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi