Multiple Choice
Ted can study for his economics exam or go to a concert. He decides to study for his economics exam instead of going to the concert. The concert he will miss is Ted's of studying for the exam.
A) implicit cost
B) discretionary cost
C) explicit cost
D) opportunity cost
Correct Answer:
Verified
Related Questions
Q63: If Sam is producing at a point
Q64: Opportunity cost is expressed in a production
