What Is the Opportunity Cost of an Action Equal To

question 16

Multiple Choice

What is the opportunity cost of an action equal to?

• A) the highest valued alternative sacrificed as a result of the action
• B) the sum of the benefits received as a result of the action
• C) the monetary benefit received as a result of the action
• D) the value of any alternative use of the time expended on the action

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Definitions:

Infinite Creativity

The concept that creative potential and imagination have no limits or boundaries.

Displacement

A defense mechanism in which a person redirects a negative emotion from its original source to a less threatening recipient.

Semanticity

Semanticity refers to the quality of language by which it conveys meaning through the use of symbols and words.

Holophrase

A single word used to express complex meanings.