-The Opportunity Cost of Moving from Point a to Point

question 31

Multiple Choice

-The opportunity cost of moving from point a to point b in the above figure is .

• A) 2 sweaters
• B) 3 pairs of socks
• C) zero
• D) 3/2 pairs of socks per sweater

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Definitions:

Individual Achievement

The accomplishment of personal goals or the attainment of success through one's own efforts and skills.

Cognitive Component

An element of attitude that embodies an individual's beliefs, knowledge, or thoughts about a subject.

Opinions

Personal views or judgements formed about something, not necessarily based on fact or knowledge.

Knowledge

Information, understanding, or skills acquired through experience or education.