Opportunity cost is the __________ alternative forfeited when a choice is made
A) least-valued
B) most highly-valued
C) most convenient
D) most recently considered
B
Economics
You might also like to view...
Which of the following variables can be used to measure labor productivity?
A) real GDP B) number of labor hours C) number of workers D) all of the above
Economics
Which of the following products benefits from network externalities?
A) microwave ovens B) diamond rings C) Twitter D) concert tickets
Economics
What are the three distinct sections of the aggregate supply curve? What does each section imply about the relationship between output and prices?
Economics
Figure 11-5
In Figure 11-5, Crown Theater, a monopolist movie theater, has chosen the profit-maximizing output. At this output level, what is total cost for the firm?
A. $750 B. $600 C. $450 D. $300
Economics