The Opportunity Cost of Producing Good a Is Defined to Be

question 32

Multiple Choice

The opportunity cost of producing good A is defined to be

• A)the cost of having to get by using something else in place of good A.
• B)the money cost of the factors of production used in good A.
• C)what must be sacrificed of other goods to get an additional unit of good A.
• D)the cheapest method of producing good A.
• E)the retail price of good A.

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Definitions:

Impatient

The feeling of irritation or distress over having to wait, often leading to a desire for immediate action or results.

Commuting

The process of traveling between one's home and place of work or study.

Stressor

An event, situation, or other stimulus that causes stress.

Challenge Stressor

A type of stressor that, although demanding, is perceived positively because it contributes to personal growth or achievement.