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:

Waters Contained

Bodies of water that are held or confined within a certain area, as in reservoirs, tanks, or naturally contained basins.

Assignee of a Lease

The party to whom lease rights and obligations are transferred, assuming the role of the original lessee.

Obligation to Pay

A legal or moral duty to settle a debt or fulfill a contractual payment responsibility.

Tenant's Use

The manner in which a tenant is permitted by lease to utilize the rented property.