Multiple Choice
What is the term for the highest valued alternative sacrificed as a result of a choice?
A) the explicit cost, which can be objectively measured by anyone
B) the explicit cost, which can be subjectively measured only by the individual who chooses
C) the opportunity cost, which can be subjectively measured only by the individual who chooses
D) the opportunity cost, which can be objectively measured by anyone
Correct Answer:
Verified
Correct Answer:
Verified
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