Each seller's opportunity costs are:
A)determined monetarily,which is why they can never be zero.
B)determined by a number of factors,none of which is monetary.
C)determined by a number of factors,including monetary considerations.
D)None of these is true.

Question

Quizplus · Accepted Answer

Opportunity costs are the benefits or values that a seller must relinquish to choose one alternative over another. These costs can be determined by a number of factors, including monetary considerations such as the cost of goods sold or the price of the next best alternative. However, they may also include non-monetary factors such as time, effort, and resources invested in a particular opportunity. Hence, option C is the best choice.

Each Seller's Opportunity Costs Are