Which of the Following Statements About Opportunity Costs Is True

question 4

Multiple Choice

Which of the following statements about opportunity costs is true?

• A) Opportunity costs are avoidable costs.
• B) Opportunity costs are not relevant in decision making.
• C) Opportunity costs are the costs of forgoing benefits that would be available if the resources had been used in the next best alternative.
• D) All of the statements are true.

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Definitions:

Reciprocal Altruism

A behavior in which an organism acts in a way that temporarily reduces its fitness while increasing another organism's fitness, with the expectation that this action will be reciprocated in the future.

Sparrow Song

The vocalization produced by sparrows, primarily used by males to attract mates and establish territory.

Laughing Gull Chicks

Young birds of the species Leucophaeus atricilla, known as the laughing gull, characterized by their distinctive calls that resemble laughter.

Pecking Efficiency

A measure often used in aviculture or poultry science to assess the effectiveness with which birds use their beaks to obtain feed.