Figure 1.3 -Opportunity Cost Is Best Defined As

question 79

Multiple Choice

Figure 1.3

-Opportunity cost is best defined as:

• A)the sum of all alternatives given up when a choice is made.
• B)the money spent once a choice is made.
• C)the highest-valued alternative given up when a choice is made.
• D)the difference between the cost price and the selling price of a good.
• E)the cost of capital resources used in the production of additional capital.

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