Define and explain the term, "opportunity cost."
A. Use the concept to explain birth rates across nations.
B. Use the concept to explain why most (but not all) college students are young, pre- career, pre-children.
C. Use the concept to explain why some people are teachers, even though the salaries are low relative to other professions.
D. Give a good example of how the concept of opportunity cost affects you and your decision making.

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The Answer of Define and explain the term, "opportunity cost."
A. Use the concept to explain birth rates across nations.
B. Use the concept to explain why most (but not all) college students are young, pre- career, pre-children.
C. Use the concept to explain why some people are teachers, even though the salaries are low relative to other professions.
D. Give a good example of how the concept of opportunity cost affects you and your decision making.

Define and Explain the Term, "Opportunity Cost