The opportunity cost of an activity means the:
A) amount of money the activity costs.
B) expected gains minus the expected costs of engaging in the activity.
C) expected gains by engaging in the activity.
D) the value of the best alternative that must be sacrificed in order to engage in the activity .
Correct Answer:
Verified
Q12: Which of the following is not one
Q17: The opportunity cost of watching television is:
A)
Q18: The question "Should bank withdrawals be conducted
Q22: While waiting in line to buy a
Q24: A rational decision maker always chooses the
Q26: Which of the following is an example
Q27: Why does the opportunity cost of your
Q31: In economics, the term marginal refers to:
A)
Q32: While waiting in line to buy one
Q37: A local restaurant offers an "all you
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents