Which of the Following Statements About Opportunity Costs Is True

question 42

Multiple Choice

Which of the following statements about opportunity costs is true?

• A)Opportunity costs are the costs of forgoing benefits that would be available if the resources had been used in the next best alternative.
• B)Calculating opportunity costs is not an important part of tactical decision making.
• C)Opportunity costs are avoidable costs
• D)all of the statements are true

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Definitions:

Relevant Issues

Matters or topics that are directly related to and important for a particular subject, objective, or discourse.

Communication

The act of transferring information from one place, person, or group to another, effectively and efficiently.

Propagation

The act of reproducing, spreading, or increasing in number, commonly used in the context of plants, diseases, ideas, or information.

Collaboration

The action of working with someone to produce or create something, involving joint intellectual effort.