Question

here are two ways that ruth could use her money:
ruth’s top choice
text in orange box 8 green book - like icons
ruth’s second - best choice
text in orange box 1 blue item
ruth chooses her top choice. what is the opportunity cost of this choice?
type the correct number and select the correct item.

Explanation:

Step1: Understand Opportunity Cost

Opportunity cost is the value of the next - best alternative forgone when a choice is made. In this case, Ruth has two choices for using her money. Her top choice is one option, and the second - best choice is the alternative.

Step2: Identify the Second - Best Choice's Value

From the given information, Ruth's second - best choice involves 1 concert ticket (as seen from the visual related to her second - best choice). When she chooses her top choice, she is forgoing the second - best choice. So the opportunity cost of her top - choice decision is the value of the second - best choice, which is 1 concert ticket.

Answer:

1 concert ticket