An increase in the benefit from undertaking an activity will result in an increase in the opportunity cost of that activity.

Name: An increase in the benefit from undertaking an activity will result in an increase in the opportunity cost of that activity.
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Question

Quizplus · Accepted Answer

An increase in the benefit from undertaking an activity actually decreases the opportunity cost, as opportunity cost is the value of the next best alternative foregone, not the value of the activity itself.

An Increase in the Benefit from Undertaking an Activity Will