Whenever a choice is made:
A) the cost of that choice could be referred to as opportunity cost.
B) the cost is easy to measure in dollar terms.
C) a free good must be involved.
D) scarcity is not the problem.
Ans: A) the cost of that choice could be referred to as opportunity cost.
Economics
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You should invest if a new project if
A) the NPV is equal to 1. B) the NPV is positive. C) the NPV is equal to the discount rate. D) none of these choices.
Economics
To keep a market from being contested, firms might
A. Match price reductions by rivals. B. Practice price discrimination. C. Seek to obtain a monopoly franchise from the government. D. Increase their concentration ratio.
Economics