Multiple Choice
The value of the highest-valued alternative that a person must give up when making a decision is known as the ________ cost.
A) direct
B) benefit's
C) opportunity
D) explicit
E) sunk
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q48: Which of the following is a microeconomic
Q56: Amy can study for an hour or
Q79: A time series graph reveals whether there
Q149: Why does scarcity lead to the what,how,and
Q169: Microeconomics includes the study of the<br>A) aggregate
Q247: The benefit from a good or service
Q256: When analyzing graphically the relationship between more
Q321: <span class="ql-formula" data-value="\begin{array}{ccc}\begin{array}{c}\text { Price } \\\text
Q324: Going skiing will cost Adam $80 a
Q334: In order to make a rational choice,people