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The Farm Factory, a booth at the local Farmers Market, sells fresh eggs for $1.50 per dozen and fresh milk for $2.50 per gallon. What is the opportunity cost of buying a dozen eggs? 0 A. 1 2/3 gallons of milk B. 3/5 of a gallon of milk $1.50 C. O D. $2.50 Click to select your answer. 10:25 PM O Type here to search I( Home End PgUp PgDn F8

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Answer #1

B. 3/5 gallon of milk ($1.50/$2.50)

Opportunity cost is the value of the next best alternative given up.

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