Question

jaqueline, a 12th - grade economics student, is shopping for a different vehicle. she needs something reliable but wants to also have a nice sound system. she has decided to use the principle of opportunity cost to help her make a decision regarding which car to buy while still remaining in her predetermined budget. which situation best represents what she might be thinking as she uses opportunity cost to decide which car to buy based on her needs? jaqueline is comparing new vehicles at two car dealerships. she was able to find nearly identical cars at nearly identical prices. one dealership is 20 miles away and the other dealership is 30 miles away. she will use opportunity cost to determine which dealer to buy from. jaqueline has been shopping for a vehicle online. she finds something that would meet her needs being sold by an individual near her. she would be able to purchase this car for less than she would have paid for a comparable vehicle at a car dealership. jaqueline has found two different cars at a local dealership that meet her needs. the first car has a better sound system than the other. the second car has 20,000 fewer miles on it. jaquelines older brother is trading vehicles and offers to sell jaqueline his used vehicle. this vehicle would meet jaquelines needs and she knew the service history of the vehicle was excellent.

Explanation:

Opportunity cost is the value of the next - best alternative when a decision is made. In the context of buying a car based on needs, Jaqueline comparing two cars with different features (better sound system vs. fewer miles) at the same dealership shows her considering the trade - offs. The other options focus more on location or source of purchase rather than features related to her needs.

Answer:

Jaqueline has found two different cars at a local dealership that meet her needs. The first car has a better sound system than the other. The second car has 20,000 fewer miles on it.