Multiple Choice
Opportunity cost is best defined as:
A) marginal cost minus marginal benefit.
B) the value of the best forgone alternative.
C) the time spent on an economic activity.
D) the money cost of an economic decision.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q73: Macroeconomics is the study of economics from
Q74: When an economy is at full employment
Q75: A movement along the production possibilities curve
Q76: The opportunity cost of a new national
Q77: The production possibilities curve represents which of
Q79: From an economic perspective,when a student decides
Q80: In a production possibilities table,the most-valued or
Q81: Which statement is an economic rationale for
Q82: If a consumer has an income of
Q83: An economic model is:<br>A) a value judgment.<br>B)