An unemployed individual decides to spend the day fishing. The opportunity cost of fishing is
A) zero, because the person doesn't have a job.
B) the cost of bait, any other monetary expenses, and the value of the individual's wages while he was working.
C) the cost of bait and any other monetary expenses.
D) the cost of bait, any other monetary expenses, and the value of the best alternative use of the individual's time.
Question 2
A nation's account with the IMF is called its
A) quota subscription. B) capital account.
C) deposit surplus. D) current account.
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Typical Startup Cost Categories Cont.
question in cost accounting