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.

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Definitions:

Assault

The act of inflicting physical harm or unwanted physical contact upon another person.

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Characterized by kindness, warmth, and approachability; showing friendship or amicability.

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A female individual who provides assistance, support, or aid to others.

Raped

The act of sexual assault, typically involving sexual intercourse, initiated by one or more individuals without the consent of the victim.