The Opportunity Cost of an Action Is Equal To

question 86

Multiple Choice

The opportunity cost of an action is equal to:

• A)​only the monetary payment the action required.
• B)​the total time spent by all parties in carrying out the action.
• C)​the highest valued opportunity that must be sacrificed in order to take the action.
• D)​the value of all of the alternative actions that could have been taken.

---

Definitions:

Cones

Photoreceptor cells in the retina of the eye that enable color vision and function best in relatively bright light.

Optic Nerve

The nerve that transmits visual information from the retina to the brain, crucial for vision.

Optic Chiasm

A structure located at the base of the brain where the optic nerves cross, allowing visual information from each eye to be processed on both sides of the brain.

Optic Chiasm

The point in the brain where the optic nerves partially cross, allowing visual information from each eye to be processed by both hemispheres.