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46. Which of the following statements is (are) correct about opportunity cost? a) If you buy a cup of coffee for $5, the opportunity cost

46. Which of the following statements is (are) correct about opportunity cost?

a) If you buy a cup of coffee for $5, the opportunity cost of the coffee is a less expensive cup of tea

b) If you have more income than you can spend in your lifetime, you have no opportunity cost

c) if you spend an hour studying instead of sleeping, the opportunity cost is the sleep you have given up

d) All of the above answers are correct

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