Which of the Following Statements Is True

question 29

Multiple Choice

Which of the following statements is true?

• A)The opportunity cost of a decision is equal to the explicit cost in monetary terms.
• B)The opportunity cost of a decision is the value of the best foregone alternative.
• C)Some economic decisions have zero opportunity cost.
• D)The opportunity cost of attending college is the same for all students at the same university but may differ among students at different universities.
• E)The opportunity cost of producing a good is negative during inflation.