Multiple Choice
Opportunity wage refers to the
A) Income an individual loses when he or she quits a job.
B) Highest wage an individual would earn in his or her best alternative job.
C) Value of goods and services that could be purchased with a certain individual's income.
Correct Answer:
Verified
Related Questions
Q78: A production process is defined as
A)The manufacturing
Q79: Cost efficiency refers to the
A)Amount of output
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