The term "opportunity cost" points out that
A) there may be such a thing as a free lunch.
B) executives do not always recognise opportunities for profit as quickly as they should.
C) any decision regarding the use of a resource involves a costly choice.
D) not all individuals will make the most of life's opportunities because some will fail to achieve their goals.
Correct Answer:
Verified
Q185: The slope of a straight line is
A)increasing.
B)decreasing.
C)constant.
D)variable.
Q186: Q187: Positive and normative statements differ in that Q188: When a farmer decides to raise pigs Q189: The problem of "scarcity" applies Q190: Your employer has asked you to start Q193: If the price of apples is on Q194: Australian producers decide to produce more compact Q195: Which of the following is NOT a Q310: 
A)normative
A)only in economic
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