MCQOPTIONS
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| 1. |
Opportunity cost is_________________? |
| A. | the cost incurred in the past before we make a decision about what to do in the future. |
| B. | a cost that cannot be avoided. regardless of what is done in the future |
| C. | that which we forgo, or give up, when we make a choice or a decision. |
| D. | the additional benefit of buying an additional unit of a product |
| Answer» D. the additional benefit of buying an additional unit of a product | |