10
QuizMultiple Choice

Opportunity Cost

Question 10 • LA-Financial Math A

A person has a choice between an apple or an orange. The person chooses the apple. What is the opportunity cost of choosing the apple? a.There is no opportunity cost.c.The utility of the apple. b.The value of what was not chosen.d.The scarcity of oranges.

Answer
A
A
B
B
C
C
D
D
A person has a choice between an apple or an…