The __________ the opportunity cost of doing an activity, the __________.
A)lower; less likely a person will do that activity
B)lower; more likely a person will do that activity
C)higher; more likely a person will do that activity
D)higher; likelihood of doing the activity will remain unchanged

Question

The __________ the opportunity cost of doing an activity, the __________.
A)lower; less likely a person will do that activity
B)lower; more likely a person will do that activity
C)higher; more likely a person will do that activity
D)higher; likelihood of doing the activity will remain unchanged

Quizplus · Accepted Answer

The lower the opportunity cost of doing an activity, the more likely a person will do that activity. This is because they have less to give up in terms of alternatives and therefore are more likely to choose that activity.

The __________ the Opportunity Cost of Doing an Activity, the __________

The the Opportunity Cost of Doing an Activity, the