Examlex
Which of the following is NOT a benefit of web-based surveys?
Opportunity Cost
The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Production Possibilities Frontier
A graphical representation showing the maximum quantity of two goods or services that an economy can produce when all resources are used efficiently.
Opportunity Cost
Opportunity cost is the value of the next best alternative forgone as a result of making a decision.
Bananas
A curved, yellow fruit that is rich in potassium and can be eaten raw or used in cooking and baking.
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