Generally, the opportunity cost and the money cost of a good
A)are identical only if the good sells in a free market.
B)are different.
C)matter only to the purchaser of the good.
D)are not reflected in its price.

Question

Quizplus · Accepted Answer

Opportunity cost and money cost of a good are different concepts. Money cost refers to the price of a good in the market, while opportunity cost refers to the value of the next best alternative that must be given up to produce or obtain the good. The opportunity cost is not reflected in the price of the good and varies depending on the individual's preferences and circumstances. Therefore, the opportunity cost and money cost of a good are generally different.

Generally, the Opportunity Cost and the Money Cost of a Good