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(Solved): Suppose you had $500, and you could spend it on anything. You decided to buy a fancy wireless mouse. ...



Suppose you had $500, and you could spend it on anything. You decided to buy a fancy wireless mouse.However, after making the purchase, you start to wonder whether you could have invested the money in purchasing a printer for the office. This printer could have helped you save time, as you have to get a lot of printouts at work. This results in the loss of time and effort because you did not buy a printer. Which of the following components of the cost of buying the mouse does this represent?Fixed cost because it was a one-time expenseOpportunity cost because you gave up one good to buy anotherVariable cost because such expenses occur on a daily basis



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