An economics graduate chooses to work in a bank rather than teach economics which was the next best alternative. Which cost is incurred as a result of this decision?
A.
external cost
B.
internal cost
C.
opportunity cost
D.
private cost
Exam No：0455_m25_qp_12 Year：2025 Question No：2
Answer:
C
Knowledge points:
1.3.1 definition of opportunity cost
1.3.2 the influence of opportunity cost on decision making
Solution:
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