The Opportunity Cost of Any Activity Is Defined as

question 39

Multiple Choice

The opportunity cost of any activity is defined as

• A) the value of the least best alternative activity forgone.
• B) the time one spends involved in the activity.
• C) the value of the next best alternative activity forgone.
• D) the income one spends on the activity.
• E) the value of some unspecified alternative activity forgonE.

---

Definitions:

Anal

Pertaining to the anus, often used in contexts relating to psychology (anal stage of development in Freudian theory) or medicine.

Pleasure and Pain

Fundamental sensory experiences that influence behavior, guiding towards pleasure-seeking and away from harm.

Id

A concept in psychoanalytic theory denoting the component of the human psyche that is governed by instinctual drives and demands immediate satisfaction.

Impulses

Sudden, involuntary urges to act, often driven by emotional or physiological needs.