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