The Opportunity Cost of an Action Is

question 94

Multiple Choice

The opportunity cost of an action is:

• A)​the value of the best foregone alternative.
• B)​the difference between the benefits that result and the expenses incurred as a result of the action.
• C)​the same as the expected benefit of the action.
• D)​the same for everyone who undertakes the action.

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Definitions:

Biotic Potential

The maximum reproductive capacity of an organism under optimum environmental conditions.

Environmental Resistance

Total of factors in the environment that limit the numerical increase of a population in a particular region.

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.

Exponential Growth

Growth, particularly of a population, in which the increase occurs in the same manner as compound interest.