Solved

Which of the Following Statements Is True

Question 124

Multiple Choice

Which of the following statements is true?


A) ​The opportunity cost of a decision is equal to the explicit cost in monetary terms.
B) ​The opportunity cost of a decision is the value of the best foregone alternative.
C) ​Some economic decisions have zero opportunity cost.
D) ​The opportunity cost of attending college is the same for all students at the same university but may differ among students at different universities.

Correct Answer:

verifed

Verified

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

Related Questions