Which of the Following Statements About the Concept of Opportunity

question 139

Multiple Choice

Which of the following statements about the concept of opportunity cost is true?

• A)The opportunity cost of a decision only includes monetary outlays.
• B)The opportunity cost of a decision is the next best foregone alternative.
• C)Some decisions have zero opportunity cost.
• D)The opportunity cost of a college education is measured by the payments for tuition and books.

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Parchment-Like Skin

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