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01.02.2021 •
History
Charles is going to college next year and has $900 in summer earnings. He estimates that he will earn enough to pay for entertainment and books, but he needs a printer for his computer to produce reports and papers. Charles also wants to purchase a stereo system and has found one that is reduced in price by $250. He cannot afford both the stereo system and the printer. In this situation, what is Charles’s opportunity cost if he purchases the printer?
Your
Entertainment and books
$900
$1,150
The stereo system
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