12- Opportunity cost: Question 12 options: a- represents the best alternative sa

Question

12- Opportunity cost: Question 12 options:
a- represents the best alternative sacrificed for a chosen alternative.
b- has no relationship to the various alternatives that must be given up when a choice is made in the context of scarcity.
c- represents the worst alternative sacrificed for a chosen alternative.
d- Represents all possible alternatives sacrificed for a chosen alternative. 12- Opportunity cost: 12- Opportunity cost:
a- represents the best alternative sacrificed for a chosen alternative.
b- has no relationship to the various alternatives that must be given up when a choice is made in the context of scarcity.
c- represents the worst alternative sacrificed for a chosen alternative.
d- Represents all possible alternatives sacrificed for a chosen alternative. a- represents the best alternative sacrificed for a chosen alternative. b- has no relationship to the various alternatives that must be given up when a choice is made in the context of scarcity. c- represents the worst alternative sacrificed for a chosen alternative. d- Represents all possible alternatives sacrificed for a chosen alternative.
a- represents the best alternative sacrificed for a chosen alternative.
b- has no relationship to the various alternatives that must be given up when a choice is made in the context of scarcity.
c- represents the worst alternative sacrificed for a chosen alternative.
d- Represents all possible alternatives sacrificed for a chosen alternative.

Explanation / Answer

a- represents the best alternative sacrificed for a chosen alternative.

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