Opportunity Cost Is Best Defined as

question 163

Multiple Choice

Opportunity cost is best defined as

• A) marginal cost minus marginal benefit.
• B) the time spent on an economic activity.
• C) the value of the best forgone alternative.
• D) the monetary cost of an economic decision.
• E) marginal cost plus marginal benefit.

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Definitions:

Tempting Situations

Circumstances that present a strong attraction or inclination to engage in a particular action, often one that might be considered unwise or harmful.

Maintenance Stage

In behavior change models, this stage refers to the sustained effort to avoid relapse and consolidate the gains achieved during the action stage.

Relapse

A return to former unhealthy patterns.

Maintenance Stage

A phase in behavior change where individuals work to sustain new habits and prevent relapse into previous behaviors.