Author Question: Opportunity cost means the A) accounting cost minus the marginal cost. B) highest-valued ... (Read 175 times)

audragclark · **on:** Jun 29, 2018

Opportunity cost means the

A) accounting cost minus the marginal cost.
B) highest-valued alternative forgone.
C) accounting cost minus the marginal benefit.
D) monetary costs of an activity.

Question 2

Consumption goods and services include

A) washing machines and tickets to football games.
B) new homes and existing homes (as long as improvements have been made to the existing home).
C) tickets to concerts and medical care provided to veterans by the government.
D) new and used textbooks as long as they are sold via stores or online.
E) vacation time accumulated by workers.