Opportunity costs (please choose all the answers that are correct) would be the same as outlay costs if the alternative were chosen are only hypothetical are measured with the cost of the alternative reflect a clear choice of the next best alternative are "shadow" costs of forgone alternatives

Opportunity costs (please choose all the answers that are correct) would be the same as outlay costs if the alternative were chosen are only hypothetical are measured with the cost of the alternative reflect a clear choice of the next best alternative are "shadow" costs of forgone alternatives

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 17SQ

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Question

Opportunity costs

(please choose all the answers that are correct)

		would be the same as outlay costs if the alternative were chosen
		are only hypothetical
		are measured with the cost of the alternative
		reflect a clear choice of the next best alternative
		are "shadow" costs of forgone alternatives
		increase as alternative become more attractive

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