Multiple Choice
Opportunity cost is best defined as
A) how much money and time it takes to consume something.
B) the sunk cost of any decision.
C) the total of all other alternatives that are forgone in making a choice.
D) how much money is paid for something.
E) the value of the highest-valued alternative that is forgone in making a choice.
Correct Answer:
Verified
Correct Answer:
Verified
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