Which of the Following Is Correct Concerning Opportunity Cost

question 68

Multiple Choice

Which of the following is correct concerning opportunity cost?

• A)Except to the extent that you pay more for them,opportunity costs should not include the cost of things you would have purchased anyway.
• B)To compute opportunity costs,you should subtract benefits from costs.
• C)Opportunity costs and the idea of trade-offs are not closely related.
• D)Rational people should compare various options without considering opportunity costs.

---

Definitions:

Sequential Research

A type of research methodology that involves collecting and analyzing data in a specific, predetermined sequence to address research objectives.

Multiple Cohorts

Groups of individuals often used in studies that are defined by sharing a particular characteristic or experience within defined time frames.

Over Time

Refers to the progression or process occurring as the duration extends or during a prolonged period.

Natural Disaster

A catastrophic event resulting from natural processes of the Earth, such as earthquakes, floods, hurricanes, or tsunamis.