Question

Looking to invest in his first pair of leather dress shoes, sean is deciding between some alden slip-ons and some allen edmonds wingtips. the aldens are more expensive. what is included in the opportunity cost of buying the aldens?

Answer 1

The savings that would come from buying the wingtips

The classic, snazzy look that comes with wearing wingtips

Answer 2

Answer

The saving that would come from purchasing the wingtips and the aesthetic of the wingtips

Explanation

The benefit and value of a good or service that must be given up to obtain something else is the opportunity cost. The benefit is missed when another choose is made over the other. I this case, the buyer include his or her taste and preferences in deciding to take the aldens type of shoe and leave the allen.