The opportunity cost of a good is
A) the lowest valued alternative you give up to get it.
B) all alternatives you give up to get it.
C) the highest valued alternative you give up to get it.
D) the income you forgo to get it.
Correct Answer:
Verified
Q1: If the wood used to produce houses
Q2: According to the principle of comparative advantage,
Q4: Q5: A processor of alligator hides can produce Q6: Which of the following is NOT a Q7: If pizza is a normal good, then Q8: Q9: All economic questions arise because Q10: Which of the following increases the demand Q11: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) our wants
