A consumer must decide between purchasing a new television or a new computer. If the consumer chooses the television, then what is the opportunity cost of this decision?(1 point)

The opportunity cost is the difference between the benefit from purchasing the television and the benefit from purchasing the computer.

The opportunity cost is the difference between the benefit from purchasing the television and the benefit from purchasing the computer.

The opportunity cost is the difference in price between the television and computer.

The opportunity cost is the consumer's benefit from purchasing the television.

The opportunity cost is the consumer's benefit from purchasing the computer.

The decision to buy a television clearly describes that the consumer's benefit from the acquisition of a computer becomes his/her opportunity cost.

Who is a consumer?

A consumer is an individual who acquires or uses the goods or services from the market for his/her daily consumption.

The opportunity cost is the cost of another alternative that a person has lost while deciding between two alternatives. In the provided case, the choice of buying a television over the computer indicates that an individual has foregone the benefit of acquiring the computer.

Therefore, the consumer benefit of not buying the computer becomes the opportunity cost.

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