The opportunity cost of choosing a particular activity:
A)can be easily and accurately calculated.
B)cannot be estimated.
C)does not change over time.
D)varies depending on time and circumstances.
E)is measured by the money spent on the activity.

Question

Quizplus · Accepted Answer

The opportunity cost of choosing a particular activity varies depending on time and circumstances. It depends on what was given up in order to engage in that activity, which can change over time and with different circumstances. It is not easily or accurately calculated and cannot be measured solely by the money spent on the activity.

The Opportunity Cost of Choosing a Particular Activity