Personal opportunity costs refer to time,effort,and health that are given up when a decision is made.

Name: Personal opportunity costs refer to time,effort,and health that are given up when a decision is made.
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

Personal opportunity costs involve the sacrifices of time, effort, and health that occur as a result of making a particular choice, reflecting the foregone benefits that could have been enjoyed had a different decision been made.

Personal Opportunity Costs Refer to Time,effort,and Health That Are Given