Figure 16-2 -In the Figure Above, If User Costs Fall, U0 to Fall

question 102

Multiple Choice

Figure 16-2
-In the figure above, if user costs fall, U0 to U1, then area ________ represents the opportunity cost.

• A) ABE0U0
• B) GE1V0V1
• C) U0E0GU1
• D) E0E1G

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Legitimate

Something that is lawful, valid, or justified according to established rules, principles, or standards.

Coercive

Involving or using force or threats to persuade someone to do something.

Expert

A person with extensive knowledge or ability in a particular area or field.