By the end of the summer, Jason had saved enough money for college from his job as a waiter. He even had some money left over. Although he wanted both, he decided to buy a DVD player rather than a digital camera. Which of the following is the opportunity cost in this scenario?

Opportunity cost is the value of the next-best alternative you give up when you make a choice. Jason chose to buy the DVD player instead of the digital camera, so the camera is what he gave up. The opportunity cost is the digital camera.

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