The Opportunity Cost of Producing Good a Is Defined to Be

question 32

Multiple Choice

The opportunity cost of producing good A is defined to be

• A)the money cost of the factors of production used in good A.
• B)the retail price of good A.
• C)the cheapest method of producing good A.
• D)what must be sacrificed of other goods to get an additional unit of good A.
• E)the cost of having to get by using something else in place of good A.

---

Definitions:

Moral Development

The method by which people cultivate appropriate feelings and actions towards others within a community, in accordance with societal and cultural standards, regulations, and legislation.

Gilligan

Carol Gilligan is a psychologist best known for her work on ethical community and ethical relationships, and certain criticisms of Kohlberg's stages of moral development.

Kohlberg

A theorist known for his work in the development of moral reasoning, proposing that moral development progresses through a series of stages.

Conventional

Based on or in accordance with what is generally done or believed.