The highest valued alternative that must be given up in order to choose an option is called the:
A) opportunity cost.
B) utility cost.
C) scarcity expense.
D) disutility option.
Correct Answer:
Verified
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Q3: Which of the following sayings best reflects
Q4: The opportunity cost of an economic decision
Q6: Which of the following does not illustrate
Q9: Which of the following correctly lists the
Q10: Because of the problem of scarcity, each
Q11: Opportunity cost:
A) represents the best alternative sacrificed
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Q16: The opportunity cost to a city for
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A)
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