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You decide to take a vacation and the trip costs you $2,000. While you are on vacation, you do not go to work where you could have earned $750. In terms of dollars, the opportunity cost of the vacation is _________

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Answer:

The answer to this question is $2750

Explanation:

Opportunity  cost is the alternative forgone to satisfy another needs.

In the aspect of this question, the opportunity cost for taking the vacation is the $750 that is supposed to be earned if i had decided to go to work instead of  going for a vacation and what i could have used $2,000 for if i had not gone for the vacation.

Therefore the opportunity cost for the vacation in terms of dollars is $2000 + $750 = $2,750  

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