Which of the Following Is an Example of Opportunity Cost

question 192

Multiple Choice

Which of the following is an example of opportunity cost not measured by money cost?

• A)the time spent eating a business lunch at a restaurant 
• B)the time spent preparing a meal eaten at home 
• C)the time spent studying to obtain an "A" in economics 
• D)the time spent repairing a car in one's own garage 
• E)All of the above are correct.

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Definitions:

Trucking

Refers to the transportation of goods and products by large vehicles over land.

Conglomerate Merger

A combination of two companies that are involved in totally unrelated business activities.

Marketing Chain

The series of processes and activities involved in moving a product from producer to consumer, including distribution and selling.

Vertical Merger

A merger between companies in the same industry but at different stages of the production process, such as a manufacturer merging with a supplier.