The Principle of Opportunity Cost Is That

question 10

Multiple Choice

The principle of opportunity cost is that

• A)in a market economy, taking advantage of profitable opportunities involves some money cost.
• B)the economic cost of using a factor of production is the alternative use of that factor that is given up.
• C)taking advantage of investment opportunities involves costs.
• D)the cost of production varies depending on the opportunity for technological application.

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