How Are Changes in Opportunity Cost Related to Decision-Making Behavior

question 136

Multiple Choice

How are changes in opportunity cost related to decision-making behavior?

• A) The lower the opportunity cost of doing activity X,the more likely activity X will be done.
• B) The higher the opportunity cost of doing activity X,the more likely activity X will be done.
• C) Changes in the opportunity cost play no role in decision making.
• D) The lower the opportunity cost of doing activity Y,the more likely activity X will be done.
• E) The higher the opportunity cost of doing activity Y,the less likely activity X will be done.

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Definitions:

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