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Author Question: The opportunity cost of a purchase is: a. the selling price of the good or service. b. zero if the ... (Read 31 times)

mydiamond

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on: Jun 30, 2018
The opportunity cost of a purchase is:
 a. the selling price of the good or service.
  b. zero if the good or service satisfies a need.
  c. greater for persons who are rich.
  d. the good or service given up for the good or service purchased.

Question 2

Opportunity cost is the:
 a. cost incurred when one fails to take advantage of an opportunity.
  b. price paid for goods and services.
  c. cost of the best option forgone as a result of choosing an alternative option.
  d. undesirable aspects of an option.


Zebsrer

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


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