Opportunity cost is defined as the value or benefit of the
A) most expensive item.
B) least expensive item.
C) supply curve.
D) next best alternative.
Correct Answer:
Verified
Q13: The law of supply says that higher
Q14: A demand schedule illustrates the quantities demanded
Q15: The demand schedule is a description of
Q16: The law of demand suggests that most
Q17: The rate at which buyers exchange money
Q19: The Internet has allowed an increasing number
Q20: The individual quantity demanded is the amount
Q21: In contrast to the law of supply,sometimes
Q22: Markets can be
A) global.
B) national.
C) local.
D) global,
Q23: In economics,satiation means
A) eventually the marginal value
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