The Cost Involved When Choosing Between Alternatives Is Known as the

question 57

Multiple Choice

The cost involved when choosing between alternatives is known as the

• A) marginal cost.
• B) sunk cost.
• C) opportunity cost.
• D) normative cost.

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Definitions:

Opposite Direction

Moving or pointing away from each other in a contrasting or reverse course.

Window View

The scenery or outlook seen through a window.

Involuntary Twitch

A sudden, uncontrolled small muscle movement or contraction, often occurring without a person's conscious command.

Eye Muscles

The muscles surrounding the eyes that control eye movement and enable the eyes to focus on different objects.