Alex brought his lunch today but now a co-worker has asked him to go to the deli

Question

Alex brought his lunch today but now a co-worker has asked him to go to the deli across the street. Select the correct statement from the following.

Multiple Choice

The cost of the lunch Alex had brought is relevant to Alex's decision to have lunch with his friend.

The cost of the lunch that Alex had brought has nothing to do with his current decision.

The cost to buy lunch at the deli is not relevant because it has not yet been incurred.

The cost of the lunch Alex already has represents the opportunity cost of dining with his friend.

Explanation / Answer

Answer)

Here, my answer will be the last option.

The reason is an opportunity cost is cost of alternatives that lost due to selection of one alternative.Here,has to sacrifice one opportunity which is either cost of lunch that Alex has or cost of dining with his friend and hence,it represents the opportunity cost.

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