History, 11.01.2021 19:40, jby

Select the correct text in the passage. What Is the opportunity cost In this scenario?
Mikael has saved $4,000 for his trip to Brazil. He has calculated that his total transportation expenses will be $1,000. The hotel will cost him
another $1,500. He will spend about $500 on food. He plans on spending the remalning $1,000 for sightseelng and buying souvenirs.
Whle booking his plane ticket, he realizes that the price has gone up. His total transportation expenses will go up by $200. He realzes that he
cannot cancel his hotel reservation. He also doesn't want to go cheap on food. Finaly, he decides to give up visiting the popular Ouro Preto
during his stay In Brazil.

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Select the correct text in the passage. What Is the opportunity cost In this scenario?
Mikael...