Susan is willing to pay for $2 per apple, $1 per plum, and $1.5 per peach. Susan needs to pay $1.75 to buy an apple or a plum, or a peach. How much is the opportunity cost of buying an apple? A. $1.5B. $1C. $2D. $1.75
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Step 1: The opportunity cost of buying an apple is the value of the next best alternative that Susan gives up in order to buy the apple. Show more…
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