An opportunity cost table is developed by first subtracting the minimum value in each row from all other row values and then repeating this process for each row.

Question

Quizplus · Accepted Answer

An opportunity cost table is developed by comparing the costs or benefits of different options, not by subtracting minimum values in each row from all other row values. It involves analyzing the potential outcomes of different choices to understand what is sacrificed by choosing one option over another.

An Opportunity Cost Table Is Developed by First Subtracting the Minimum