A Nonmonetary Opportunity Cost Is

question 79

Multiple Choice

A nonmonetary opportunity cost is

• A)an implicit cost.
• B)an explicit cost.
• C)a direct cost.
• D)an accounting cost.

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Definitions:

Cheerfulness

The quality or state of being noticeably happy and optimistic.

Stanley Milgram

A psychologist known for his groundbreaking research on obedience to authority, including the famous Milgram experiment.

Inhumane Acts

Actions or treatments that are cruel, lacking kindness and compassion, often causing physical or psychological harm.

Stanley Milgram

A psychologist known for his research on obedience, demonstrating how people are willing to follow orders from an authority figure, even to the extent of causing harm to others.