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Author Question: An opportunity cost is the highest valued alternative foregone whenever one chooses an alternative. ... (Read 47 times)

jwb375

  • Hero Member
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  • Posts: 540
on: Jun 30, 2018
An opportunity cost is the highest valued alternative foregone whenever one chooses an alternative.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When making a rational decision which requires the consideration of costs and benefits involved, the opportunity cost of a decision is often not taken into consideration when indeed it should be.
 a. True
  b. False
  Indicate whether the statement is true or false


cadimas

  • Sr. Member
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  • Posts: 362
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


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