The Opportunity Cost of a Decision Is Measured in Terms

question 311

Multiple Choice

The opportunity cost of a decision is measured in terms of

• A) time.
• B) the price of the alternative we choose.
• C) the next best thing given up.
• D) the price of a new opportunity that arises.
• E) sunk cost.

---

Definitions:

Sandwich Generation

A demographic group that concurrently takes care of their aging parents and their own children, facing pressures from both caretaking roles.

Middle-aged People

Individuals typically ranging in age from about 40 to 65, experiencing various physical, psychological, and social changes.

Previous Generations

Refers to the people who lived and influenced culture, society, and family structures before the current time period.

Cohabitation

The state of living together and having a sexual relationship without being married, often considered a stage before engagement or marriage.