Which of the Following Is Correct Concerning Opportunity Cost

question 68

Multiple Choice

Which of the following is correct concerning opportunity cost?

• A)Except to the extent that you pay more for them,opportunity costs should not include the cost of things you would have purchased anyway.
• B)To compute opportunity costs,you should subtract benefits from costs.
• C)Opportunity costs and the idea of trade-offs are not closely related.
• D)Rational people should compare various options without considering opportunity costs.

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Definitions:

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A 17th-century Italian architect and priest, known for his innovative use of light and geometry, especially in ecclesiastical buildings.

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The act of copying the style, behavior, or look of something else, often in order to learn from it or as a form of homage.