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    Exam 1: The Scope and Method of Economics
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    The Cost Involved When Choosing Between Alternatives Is Known as the
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The Cost Involved When Choosing Between Alternatives Is Known as the

Question 57

Question 57

Multiple Choice

The cost involved when choosing between alternatives is known as the


A) marginal cost.
B) sunk cost.
C) opportunity cost.
D) normative cost.

Correct Answer:

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