suppose you have a $50 itunes gift card with which you can download songs or videos. songs cost $2 each and…

suppose you have a $50 itunes gift card with which you can download songs or videos. songs cost $2 each and videos cost $4 each. the opportunity cost of one video\na is $2.\nb is $4.\nc is equal to 2 songs.\nd increases as more videos are purchased.\ne decreased the more songs you download

suppose you have a $50 itunes gift card with which you can download songs or videos. songs cost $2 each and videos cost $4 each. the opportunity cost of one video\na is $2.\nb is $4.\nc is equal to 2 songs.\nd increases as more videos are purchased.\ne decreased the more songs you download

Answer

Answer:

C. is equal to 2 songs.

Explanation:

Step1: Calculate price - ratio

Since songs cost $2 each and videos cost $4 each.

Step2: Determine opportunity - cost

The number of songs sacrificed for 1 video is $\frac{4}{2}=2$. So the opportunity cost of one video is 2 songs.