Multiple Choice
Suppose you take a trip during Spring Break. To determine the benefit of taking the trip, you
A) measure what you are willing to give up to take the trip.
B) calculate the opportunity cost of the trip.
C) calculate the value of the next best alternative foregone.
D) must measure what the trip is worth to you and then subtract the cost of the trip.
E) determine the sunk cost of taking the trip.
Correct Answer:
Verified
Correct Answer:
Verified
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