Which of the Following Statements Is FALSE About Opportunity Cost

question 410

Multiple Choice

Which of the following statements is FALSE about opportunity cost?

• A) Cost is always foregone opportunity.
• B) Opportunity cost is the next best alternative.
• C) When a person buys two items, the concept of opportunity cost applies even though she can afford to buy both items.
• D) Opportunity cost exists only for goods with monetary values.

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