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Which of the following is true of an opportunity cost? A) It is an unavoidable cost that cannot be changed no matter what action is
Which of the following is true of an opportunity cost?
A) It is an unavoidable cost that cannot be changed no matter what action is taken.
B) It is the income foregone by not using a resource in an alternative way.
C) It is recorded as an expense in the accounting records.
D) The higher the opportunity costs, the lower is the relevant cost.
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