What Is the Opportunity Cost of an Item

question 71

Multiple Choice

What is the opportunity cost of an item?

• A) the number of hours needed to earn money to buy it
• B) what you give up to get that item
• C) always less than the dollar value of the item
• D) always equal to the dollar value of the item

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Dimensional Information

Data or characteristics that can be measured along a continuum or scale, often used in assessments or descriptions of psychological phenomena.

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