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

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)

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1 Answer

lmckinney

Lmckinney

Answered on 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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