The Opportunity Cost of a Choice Is

question 81

Multiple Choice

The opportunity cost of a choice is:

• A) the value of the opportunities lost.
• B) the net value of the opportunities gained.
• C) the difference between the benefits and costs of the choice.
• D) sometimes positive or negative.

---

Definitions:

Repair Facilities

Places or workshops equipped to fix, maintain, and restore vehicles, machinery, or other equipment back to working condition.

Used Printer

A printer that has been previously owned and operated, typically available for purchase at a reduced cost compared to new models.

Common Law

A body of unwritten laws based on legal precedents established by the courts, influencing and governing the decision-making process in novel cases.

Legislative Provisions

Specific clauses or sections within a piece of legislation that detail particular rules, requirements, or conditions.