Author Question: Fill in the blank: ________ cost refers to the next-best option a person gives up when making a ... (Read 55 times)

neverstopbelieb · **on:** Jun 29, 2018

Fill in the blank: ________ cost refers to the next-best option a person gives up when making a choice.

A) Accounting
B) Objective
C) Efficient
D) Opportunity
E) Regrettable

Question 2

Which of the following statements is CORRECT?

A) A change in the quantity demanded means a shift in the demand curve.
B) A change in demand means a movement along the demand curve.
C) A change in demand and change in quantity demanded means the same thing.
D) A change in demand means a shift in the demand curve while change in the quantity demanded means a movement along the demand curve.