menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Transactions and Strategies
  4. Exam
    Exam 1: Reasoning With Economics: Models and Information
  5. Question
    The Costs Which Can Be Avoided If We Alter Our
Solved

The Costs Which Can Be Avoided If We Alter Our

Question 6

Question 6

Multiple Choice

The costs which can be avoided if we alter our decisions or choices are referred to as:


A) average costs.
B) opportunity costs.
C) marginal costs.
D) sunk costs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: A basic model of a business firm

Q2: When a researcher evaluates the probability of

Q3: In order to simplify a complex situation,

Q4: Almost all event markets forecast accurately.

Q5: Measuring important concepts in economics is difficult

Q7: According to the text, college students give

Q8: Unlike developed countries, people in under-developed countries

Q9: Since people's incomes are limited and their

Q10: How is positive economics different from normative

Q11: Utility is a(n) _ measure of well

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines