The __________ the opportunity cost of doing something,the __________ likely a person will do that something.
A) lower; less
B) lower; more
C) higher; more
D) higher; less
E) b and d

Question

Quizplus · Accepted Answer

Opportunity cost is the cost of forgoing the next best alternative when making a decision. If the opportunity cost is lower, a person is more likely to do that something because they are giving up less by choosing it. Conversely, if the opportunity cost is higher, a person is less likely to do that something because they are sacrificing more by choosing it. Therefore, both B and D are correct.

The __________ the Opportunity Cost of Doing Something,the __________ Likely

The the Opportunity Cost of Doing Something,the Likely