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29 July, 05:47

Select the correct answer.

What represents the value of the second-best alternative that a person gives up when making a choice?

A. marginal spending

B. marginal benefit

C. opportunity cost

D. marginal cost

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Answers (1)
  1. 29 July, 05:51
    0
    The value of the second-best alternative that a person gives up when making a choice represents the opportunity cost. The answer is C.
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