What is your opportunity cost of buying a bag of cashews, Macroeconomics

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What is your opportunity cost of buying a bag of cashews

Problem: Suppose you have to spend $16 and your options are to spend it on either bags of peanuts or bags of cashews. Peanuts cost $4 each and cashews cost $16 each. What is your opportunity cost of buying a bag of cashews? (Hint: the answer will not be your out-of-pocket cost of $16.)

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Macroeconomics: What is your opportunity cost of buying a bag of cashews

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