Opportunity cost is defined as
A) all the possible alternatives given up.
B) the highest- valued alternative given up.
C) the amount of money spent to take part in the activity chosen.
D) the top two alternatives given up.
Correct Answer:
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Q149: Which of the following statements are correct?
I.
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Q151: Opportunity cost is measured in terms of
A)
Q152: The loss of the highest- valued alternative
Q153: The "how" tradeoff occurs when
A) the government
Q155: Opportunity cost is defined as the
A) lowest-
Q156: Opportunity cost is best defined as
A) how
Q157: The ultimate cost of any choice is
A)
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Q159: Opportunity cost is best defined as
A) the
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