Question and answer
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.
The opportunity cost of choosing the apple is : The value of what was not chosen.
Expert answered|jeifunk|Points 10234|
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Asked 9/3/2013 4:16:55 PM
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