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The cookies are an illustration of if she decides to watch her show
option (c)- Opportunity cost
According to microeconomic theory, the value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost. In plainer terms, it means you forfeit the chance to engage in a different activity if you choose one (for instance, investing). The best course of action is that which, after deducting opportunity costs, yields the highest return relative to all other possible courses of action. You cannot, for instance, rent out an automobile that you buy and use just for personal transportation, but you can if you rent it out. If using public transportation without a car is expensive for you.
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