Saturday, July 2, 2011

The opportunity cost of an activity is best measured

ECONOMICS

Multiple Choice

The opportunity cost of an activity is best measured

a. only by the monetary costs

b. by the number of alternative activities that were forgone

c. by the cost difference between the chosen activity and the next best alternative

d. by the value expected from the best alternative that is forgone

e. as the time wasted choosing among various activities

Click here for the SOLUTION

No comments:

Post a Comment