The opportunity cost of a resource
A)includes both explicit and implicit cost
B)includes explicit cost only
C)includes implicit cost only
D)is equal to the market price of the resource
E)is not related to the market price of the resource

Name: The opportunity cost of a resource A)includes both explicit and implicit cost B)includes explicit cost only C)includes implicit cost only D)is equal to the market price of the resource E)is not related to the market price of the resource
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is A

The Opportunity Cost of a Resource