Opportunity cost can best be defined as A) the interest cost ...

[DelorasTo]

Opportunity cost can best be defined as
 
  A) the interest cost of financing a business loan at the bank.
  B) the value of all of the alternatives sacrificed.
  C) the value of the next-highest-ranked alternative.
  D) There is no real definition for opportunity cost.

Question 2

Following adjustments to a new equilibrium in a market, the market clearing price remains unchanged, but the equilibrium quantity is now lower. Which of the following could definitely have caused this outcome?
 
  A) Demand and supply both increased.
  B) Demand and supply both decreased.
  C) Demand increased, and supply decreased.
  D) Demand decreased, and supply increased.

[briezy]

Answer to Question 1

C

Answer to Question 2

B

[DelorasTo]

Excellent

[rachel]

Great answer, keep it coming