Solved

The Term "Opportunity Cost" Is Best Defined As

Question 40

Multiple Choice

The term "opportunity cost" is best defined as:


A) the amount of money paid for an item.
B) the amount of money paid for an item, taking inflation into account.
C) the amount of money paid for an item, taking possible discounts into account.
D) the benefit associated with a rejected alternative when making a choice.
E) an irrelevant decision factor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents