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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 16
The term opportunity cost refers to:
A) The first cost of an alternative that has been accepted for funding
B) The total cost of an alternative that has been accepted for funding
C) The rate of return or profit available on the next-best alternative that had to be forgone due to lack of capital funds
D) The cost of an alternative that was not recognized as an alternative that actually represented a good opportunity
A) The first cost of an alternative that has been accepted for funding
B) The total cost of an alternative that has been accepted for funding
C) The rate of return or profit available on the next-best alternative that had to be forgone due to lack of capital funds
D) The cost of an alternative that was not recognized as an alternative that actually represented a good opportunity
Explanation
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Verified
Economics is study of choices, and it he...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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