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The Opportunity Cost of an Activity Means The

Question 36

Multiple Choice

The opportunity cost of an activity means the:


A) amount of money the activity costs.
B) number of hours that is required to engage in this activity.
C) expected gains by engaging in the activity.
D) amount of other things that must be sacrificed in order to engage in the activity.
E) expected gains minus the expected costs of engaging in the activity.

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