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23. The benefits sacrificed when one alternative is chosen over another are referred to as: A. Avoidable costs. B. Opportunity costs. C. Sacrificial costs. D.
23. The benefits sacrificed when one alternative is chosen over another are referred to as: A. Avoidable costs. B. Opportunity costs. C. Sacrificial costs. D. Beneficial costs. Lindsay purchased a raffle ticket for $5. Just before the grand prize drawing two people tried to buy her ticket. The first person offered $30, and another offered $65. What is Lindsay's opportunity cost of keeping the raffle ticket? 24. A. $60 B. $65 C. $90 D. $95
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