Opportunity Cost Is Best Defined As

question 224

Multiple Choice

Opportunity cost is best defined as:

• A)the monetary price of any productive resource.
• B)the amount of labour which must be used to produce one unit of any product.
• C)the ratio of the prices of imported goods to the prices of exported goods.
• D)the amount of one product which must be given up to produce one more unit of another product.

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Definitions:

Growth Factor

A hormone or chemical, secreted by one cell, that may stimulate or inhibit growth of another cell or cells.

Diploid State

The diploid state refers to a cell condition in which two sets of chromosomes are present, one from each parent, characteristic of most adult organisms.

Replicating DNA

The process of duplicating the DNA molecule, ensuring that each new cell receives an exact copy of the organism's genetic material.

Cell Cycle

A series of events that take place in a cell leading to its division and duplication, consisting of interphase (G1, S, G2) and mitotic phase.