If One Fails to Account for Opportunity Costs in Decision

question 170

Multiple Choice

If one fails to account for opportunity costs in decision making,then applying the cost-benefit principle will be flawed because

• A) the benefits will be overstated.
• B) the costs will be understated.
• C) the benefits will be understated.
• D) the costs will be overstated.
• E) both benefits and costs will be understated.

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Definitions:

Pyruvate

A key intermediate in several metabolic pathways, particularly glycolysis.

Oxidative Phosphorylation

The production of ATP using energy derived from the transfer of electrons in the electron transport system of mitochondria; occurs by chemiosmosis.

Electron Transport Chain

A series of protein complexes and small organic molecules within cell membranes that transfer electrons, driving the synthesis of ATP.

ATP Synthesis

The process of creating adenosine triphosphate (ATP), the cellular energy currency, primarily through cellular respiration in mitochondria or photosynthesis in chloroplasts.