Opportunity Cost

question 58

Multiple Choice

Opportunity Cost:

• A) only includes explicit, out of pocket expenses.
• B) is the value of your next best alternative.
• C) is never provided in dollar values.
• D) would not include lost wages from working when deciding to take a vacation.

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Definitions:

Redundancies

The occurrence of unnecessary repetition in expression or function, often leading to inefficiency or excess.

White Space

In design, unmarked areas of a document or webpage, which help to separate or group elements visually, improving readability.

Visual Contrast

The difference in color, brightness, or shape that makes an object or its representation stand out from its surroundings.

Resting Point

A state or condition where no further action or change is occurring, often used in physical or psychological contexts to describe equilibrium.