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Figure 1.3 -Opportunity Cost Is Best Defined As

Question 5

Multiple Choice

Figure 1.3
Figure 1.3 -Opportunity cost is best defined as: A) the sum of all alternatives given up when a choice is made. B) the money spent once a choice is made. C) the highest-valued alternative given up when a choice is made. D) the difference between the cost price and the selling price of a good. E) the cost of capital resources used in the production of additional capital.
-Opportunity cost is best defined as:


A) the sum of all alternatives given up when a choice is made.
B) the money spent once a choice is made.
C) the highest-valued alternative given up when a choice is made.
D) the difference between the cost price and the selling price of a good.
E) the cost of capital resources used in the production of additional capital.

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