An Example of a Personal Opportunity Cost Would Be

question 43

Multiple Choice

An example of a personal opportunity cost would be:

• A)lost wages due to continuing as a full time student
• B)higher earnings on savings that must be kept on deposit a minimum of six months.
• C)time comparing several brands of personal computers
• D)Interest lost by using savings to make a purchase
• E)having to pay a tax penalty due to not having enough withheld from your monthly salary.

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Definitions:

Alternative

A choice or option available as a substitute for something else.

Negative Message

A communication that conveys bad news, rejection, or criticism to the recipient.

Describe the Problem

Elucidating an issue or challenge in detail, including its context, effects, and potential causes.

Superior

An individual who holds a higher rank or position, typically in a hierarchical organization.