The value of the best thing that a person must give up when making a decision is known as the ________ cost.
A) benefit's
B) direct
C) sunk
D) opportunity
E) explicit
Correct Answer:
Verified
Q64: Your lecturer changes the penalty for cheating
Q65: In economics,cost is measured as _,and benefit
Q66: An opportunity cost is
A)the dollar amount that
Q67: The cost of a one-unit increase in
Q68: The marginal cost of an activity _
Q70: Economists measure opportunity cost
A)as the sum of
Q71: If Jessie studies economics for two hours
Q72: Suppose you take a trip during the
Q73: You have chosen to take a trip
Q74: The benefit of a one-unit increase in
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