How can you match the following terms with their correct definition? - ProProfs Discuss
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How can you match the following terms with their correct definition?



A. Trade-Off - Any alternative that is given up when a decision is made
B. Opportunity Cost - Most attractive alternative that is given up when a decision is made
C. Thinking at the Margin - Decision to use one more or one less unit of something

This question is part of Chapter 1 Section 2 Quiz (Opportunity Cost)
Asked by Lmckinney, Last updated: Feb 09, 2020

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lmckinney

Lmckinney

Answered Oct 31, 2017

Any alternative that is given up when a decision is made
Most attractive alternative that is given up when a decision is made
Decision to use one more or one less unit of something
 

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