Opportunity Cost Is

question 68

Multiple Choice

Opportunity cost is

• A) the additional cost incurred from the consumption of one more unit of output.
• B) the cost involved when choosing between alternatives.
• C) the cost of production which cannot be recaptured.
• D) the total cost incurred from the consumption of additional output.

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Definitions:

Catalyst

A substance that increases the rate of a chemical reaction without being consumed or altered permanently in the process.

Semipermeable Membrane

A type of membrane that allows certain molecules or ions to pass through by diffusion but not others.

Osmotic Pressure

Amount of turgor that prevents osmosis into cytoplasm or other hypertonic fluid.

Receptor-Mediated Endocytosis

A cellular process where specific molecules are ingested into the cell after they bind to receptors on the cell surface.