Solved

The Opportunity Cost of an Activity Is

Question 8

Multiple Choice

The opportunity cost of an activity is


A) zero if you choose the activity voluntarily
B) the amount of money spent on the activity
C) the value of the best alternative not chosen
D) the sum of benefits from all of the sacrificed alternatives
E) the difference between the benefits and the costs of that activity

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents