Multiple Choice
Which of the following would be categorised as an opportunity cost?
(i) wages of workers
(ii) fixed costs already incurred
(iii) forgone investment opportunities
A) (i) and (iii)
B) (iii) only
C) (ii) and (iii)
D) (i) , (ii) and (iii)
Correct Answer:
Verified
Correct Answer:
Verified
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