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Author Question: Which of the following best completes the definition of opportunity cost? The opportunity cost of ... (Read 82 times)

blkth103

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on: Oct 12, 2022

Question 1

Society's resources are often divided into broad categories. They are
◦ population and natural resources.
◦ tangible commodities and intangible commodities.
◦ goods and services.
◦ land, labour, and capital.
◦ factors of consumption.

Question 2

Which of the following best completes the definition of opportunity cost? The opportunity cost of choosing any one alternative is the
◦ value of the next best alternative that is given up.
◦ market cost of the next best alternative.
◦ value of all other alternatives combined.
◦ value of resources used to make that alternative available to the market.
◦ revenues that would be given up if that alternative is not chosen.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by blkth103 on Oct 12, 2022

KAyteeBee1129

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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blkth103

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

juliaf

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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