A Nonmonetary Opportunity Cost Is Called A(n)________, While a Cost

question 200

Multiple Choice

A nonmonetary opportunity cost is called a(n) ________, while a cost that involves spending money is called an ________.

• A)accounting cost; explicit cost
• B)implicit cost; explicit cost
• C)accounting profit; economic profit
• D)normal rate of return; asset

---

Definitions:

Adult

A person who has reached the age of majority as legally defined, typically characterized by physical growth completion, sexual maturity, and legal responsibility for their actions.

Hypernatremia

A medical condition characterized by an abnormally high concentration of sodium in the blood.

Serum Sodium

The concentration of sodium ions present in the serum component of blood, important for maintaining fluid balance and nerve and muscle function.

Diastolic Blood Pressure

The pressure in the arteries when the heart rests between beats, indicating the minimum blood pressure.