Asked by
chizitere ogoke
on Nov 17, 2024
Verified
The opportunity cost of an item is
A) the number of hours needed to earn money to buy the item.
B) what you give up to get that item.
C) usually less than the dollar value of the item.
D) the dollar value of the item.
Opportunity Cost
The deficit of potential benefits that could be reaped from alternative options when one is picked.
Dollar Value
The worth of an item, service, or amount of money expressed in terms of the United States dollar currency.
- Detect and measure the opportunity cost for assorted options.
Verified Answer
MS
Learning Objectives
- Detect and measure the opportunity cost for assorted options.
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