History, 01.02.2021 22:50 jenlicavoli

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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