When a particular choice is being considered,its opportunity cost is
A) the combined value of all the alternatives not selected.
B) the same thing as the money price of a good.
C) the value of the best alternative that was given up.
D) based on the intrinsic value of the good itself.
Correct Answer:
Verified
Q58: Macroeconomics often relies on microeconomic analysis because
A)microeconomics
Q59: Economists typically assume people act as if
Q60: Another term for "aggregate" is
A)government.
B)partial.
C)public.
D)total.
Q61: Incentives are
A)inducement to take a particular action.
B)ineffective
Q62: The potential rewards available to an individual
Q64: Which of the following sets of terms
Q65: Marginal benefit refers to
A)the additional benefit resulting
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Q68: The opportunity cost of missing an economics
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