To Calculate the Opportunity Cost Per Unit,you Divide the Decrease

question 93

Multiple Choice

To calculate the opportunity cost per unit,you divide the decrease in the quantity of the forgone item by the

• A) decrease in the quantity of the other item.
• B) increase in the quantity of the other item obtained.
• C) price of the item obtained.
• D) price of the item forgone.
• E) price of the item obtained and then multiply by the price of the item forgone.

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Definitions:

Democrats

A member or supporter of the Democratic Party, one of the two major political parties in the United States.

T-test

A statistical test used to determine if there is a significant difference between the means of two groups.