Question 14

Opportunity cost is

  • A.that which we forgo, or give up, when we make a choice or a decision.
  • B.the additional benefit of buying an additional unit of a product.
  • C.a cost that cannot be avoided, regardless of what is done in the future.
  • D.the cost incurred in the past before we make a decision about what to do in the future.
Objective

Question details

Exam body
IMSU
Subject
Economics
Year
2011/2012
Question no.
#14
Type
Objective

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