Which of the following statements is true? a. The opportunity cost of a decision is always expressed

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Which of the following statements is true?

a. The opportunity cost of a decision is always expressed in monetary terms.

b. The opportunity cost of a decision is the value of the best forgone alternative.

c. Some economic decisions have zero opportunity cost.

d. The opportunity cost of attending college is the same for all students at the same university but may differ among students at different universities.

e. None of the above statements is true.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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