Multiple Choice
Opportunity costs:
A) Include both explicit and implicit costs.
B) Include explicit and sunk costs.
C) Include implicit, explicit and sunk costs.
D) Include explicit costs only.
E) Only include implicit costs.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Ceteris paribus is used in economics:<br>A)To help
Q2: Which statement is true?<br>A)The marginal benefit of
Q3: Suzie spends her Thursday afternoon sleeping.If she
Q4: Elina is contemplating doing a degree.If she
Q5: Elina is contemplating doing a degree.If she
Q6: Opportunity cost is:<br>A)The sum of the value
Q7: A sunk cost:<br>A)Is the opportunity cost of
Q8: Ceteris paribus means:<br>A)Only two variables are moving
Q10: As an economist you observe that as