2. Which of the following statements about the concept of opportunity cost is false? A) Some decisions involve greater opportunity costs than others. B) The opportunity cost of a decision is the net benefit foregone by not undertaking the next best alternative. C ) All decisions have opportunity costs. D) The opportunity cost of some decisions is zero.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
2. Which of the following statements about the
concept of opportunity cost is false? A) Some decisions
involve greater opportunity costs than others. B) The
opportunity cost of a decision is the net benefit
foregone by not undertaking the next best alternative. C
) All decisions have opportunity costs. D) The
opportunity cost of some decisions is zero.
Transcribed Image Text:2. Which of the following statements about the concept of opportunity cost is false? A) Some decisions involve greater opportunity costs than others. B) The opportunity cost of a decision is the net benefit foregone by not undertaking the next best alternative. C ) All decisions have opportunity costs. D) The opportunity cost of some decisions is zero.
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