Multiple Choice
The opportunity cost of any activity is defined as
A) the value of the least best alternative activity forgone.
B) the time one spends involved in the activity.
C) the value of the next best alternative activity forgone.
D) the income one spends on the activity.
E) the value of some unspecified alternative activity forgonE.
Correct Answer:
Verified
Correct Answer:
Verified
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