The opportunity cost of any action is
A) the dollars the action cost.
B) the highest- valued alternative given up.
C) the benefit from the action minus the cost of the action.
D) all the possible alternatives given up.
Correct Answer:
Verified
Q110: Which of the following statements are correct?
I.
Q121: A graph measures y on the vertical
Q122: Which factor of production earns rent?
A)Entrepreneurship
B)Money
C)Capital
D)Land
Q124: Suppose that the government of NSW promises
Q125: Q127: A positive statement is Q128: The night before a midterm exam, you Q129: Which factor of production earns the most Q130: Jill, an economics student, has already spent Q131: 
A)about what is.
B)the result
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