which of the following illustrates an opportunity cost?\no james has enough money to buy some socks and a…

which of the following illustrates an opportunity cost?\no james has enough money to buy some socks and a book.\no alyssa does not have enough time to study for her test.\no amir only has time to study or to play basketball.\no lydia does not have enough money to buy a new shirt.

which of the following illustrates an opportunity cost?\no james has enough money to buy some socks and a book.\no alyssa does not have enough time to study for her test.\no amir only has time to study or to play basketball.\no lydia does not have enough money to buy a new shirt.

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. Amir has to choose between studying and playing basketball. When he chooses one, he gives up the other, which represents an opportunity cost. James' situation is just about having enough money for multiple items. Alyssa's lack of time for studying is not a choice between two alternatives in the context of opportunity cost as clearly as Amir's. Lydia's lack of money for a shirt is not about choosing between alternatives.

Answer:

Amir only has time to study or to play basketball.