Questuon HoI Economics What is the difference between an economic cost and an opportunity cost? A O An economic cost is a cost that can be completely attributed to the production of specific goods or O An economic cost is a cost that varies with a level of output, while an opportunity cost is the money C. o An economic cost is the cost of what you gave up doing when you committed to the course of action D. 0 An opportunity cost is the cost of what you gave up doing when you committed to the course of action services, while an opportunity cost is the money spent implementing a decision. spent implementing a decision. you chose, while an opportunity cost is the money spent implementing a decision. you chose, while an economic cost is the money spent implementing a decision. An opportunity cost is a cost that varies with a level of output while an economic cost is the money spent implementing a decision Sa Question #62 Economics What is the best definition of supply? A D the quantity of goods and services that consumers are willing to buy at different prices. B. o the quantity of goods and services tha ousinesses are willing to provide at those prices C the capital raised by a business or corporation through the issue and subscription of shares D. 0 a mechanism that facilitates the exchange of goods and services between buyers and sellers E the action of making or manufacturing from components or raw matenals orthe process of being so manufactured. Save Economics What is the best definition of supply? A O the quantity of goods and services that consumers are willing to buy at different prices B. o the quantity of goods and services that businesses are willing to provide at those prices C. O the capital raised by a business or corporation through the issue and subscription of shares. D. C a mechanism that facilitates the exchange of goods and services between buyers and sellers the action of making or manufacturing from components or raw materials, or the process of being so manufactured Previous