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Opportunity Cost Is Defined as The

Question 18

Multiple Choice

Opportunity cost is defined as the:


A) dollar cost of what is purchased.
B) value of all alternatives not chosen.
C) value of the best alternative not chosen.
D) difference between the benefits from a choice and the benefits from the next best alternative.
E) difference between the benefits from a choice and the costs of that choice.

Correct Answer:

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