Answering Exams

Opportunity cost is_________________?

Opportunity cost is_________________?

A. the cost incurred in the past before we make a decision about what to do in the future.
B. a cost that cannot be avoided. regardless of what is done in the future
C. that which we forgo, or give up, when we make a choice or a decision. (Correct)
D. the additional benefit of buying an additional unit of a product

 

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