The Opportunity Cost of Producing Good a Is Defined to Be

question 67

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)what must be sacrificed of other goods to get an additional unit of good A.
• D)the cost of having to get by using something else in place of good A.
• E)the cheapest method of producing good A.

---

Definitions:

Troubleshooting Methodology

A systematic approach to diagnosing and resolving issues or faults in a device, system, or network.

Internet Connection

The means by which computers, mobile devices, and other IoT devices access the Internet, using technologies like broadband, WiFi, or mobile data.

Certificate Of Destruction

A security measure that provides proof that printed material or stored data has been destroyed.

Quitclaim Document

A legal instrument used to release a person's interest or claim in a piece of property without warranty, often used in transferring property rights among family members.