Opportunity Cost of an Action Is

question 130

Multiple Choice

Opportunity cost of an action is

• A)the best choice that can be made.
• B)the highest-valued alternative forgone.
• C)the money cost.
• D)the comparative cost.
• E)the absolute cost.

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Definitions:

Parentheses

Curved symbols used in writing to enclose a word, phrase, or number that adds extra information or clarifies something.

Calculations

The process of computing or determining the results using mathematical or logical methods on numerical data.

Indicate

To point out or show something.

Join

A database operation that combines rows from two or more tables based on a related column between them.