The Amount of Income That Would Result from an Alternative

question 177

Multiple Choice

The amount of income that would result from an alternative use of cash is called

• A) differential income
• B) sunk cost
• C) differential revenue
• D) opportunity cost

---

Definitions:

Systema Naturae

The work by Carl Linnaeus that laid the foundations for the modern scheme of binomial nomenclature and classification of organisms, first published in 1735.

Carolus Linnaeus

A Swedish botanist, zoologist, and physician who laid the foundations for the modern scheme of binomial nomenclature.

Aristotle

An ancient Greek philosopher and polymath during the Classical period in Ancient Greece who made contributions to numerous fields of science and knowledge, including biology, ethics, logic, and politics.

Thomas Malthus

An English economist and demographer, known for his theory that population growth will always outpace the food supply, leading to societal collapse.