Opportunity Cost Post-Test

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Opportunity cost is:

The value of the next best alternative

Saving part of my income costs me nothing

No

There are no costs to some decisions

No

The opportunity cost of attending college is:

The things that could have been purchased with the income earned working and the things that could have been purchased with the money used to pay tuition and fees and to buy books and other supplies

If you borrow $500.00 from your brother, what is his opportunity cost

What he wants most costing $500


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