Google Translate New Tab Search tps://blackboard.smccme.edu/webapps/assessment/t

Question

Google Translate New Tab Search tps://blackboard.smccme.edu/webapps/assessment/take/launch ( 110% O profits are always very high and persistent. O profit opportunities are eliminated almost instantaneously QUESTION 3 Opportunity cost is the additional cost incurred from the consumption of one more unit of output. O the cost of production which cannot be recaptured O the total cost incurred from the consumption of additional output. O the cost involved when choosing between alternatives QUESTION 4 An efficient market is a market

Explanation / Answer

Option D.

Opportunity cost is the cost of the next best alternative available to the individual. Thus, opportunity cost is the cost involved when choosing between alternatives.

Related Questions

Navigate

• Browse (All)
• Browse G
• Subjects

---