Which of the following statements does NOT describe opportunity costs? A.The interest income on uninvested funds that you could have earned, but didn't. B.The income a person could have earned at their job instead of waiting in line to purchase the newest electronic device. C.The rent a landlord did NOT earn on an apartment that was empty for the month. D.The value or satisfaction a consumer gets from a product or service.

Opportunity cost is the cost of next best alternative that is available and is foregone. It is…

Answered: Which of the following statements does…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 6SQP

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Which of the following statements does NOT describe opportunity costs?

	A.	The interest income on uninvested funds that you could have earned, but didn't.
	B.	The income a person could have earned at their job instead of waiting in line to purchase the newest electronic device.
	C.	The rent a landlord did NOT earn on an apartment that was empty for the month.
	D.	The value or satisfaction a consumer gets from a product or service.

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