You are faced with the following alternative choices on Saturday afternoon. You can only do one of these activities. None of these activities will require you to spend any money.
Choice A: Go hiking.
Choice B: Work out using exercise equipment in your garage.
Choice C: Stay at home and practice playing the violin.
It turns out that Choice A is your most preferred activity, Choice B is your second most preferred activity, and Choice C is your least preferred activity. You choose to go hiking.
What is the opportunity cost of your decision to go to hiking?

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.