Due to resource scarcity,- economic activities have opportunity costs generally lower than their market prices.- some economic activities have an opportunity cost.- all economic activities have an opportunity cost.- economic activities have opportunity costs equal to their market prices.

Due to resource scarcity, O economic activities have opportunity costs generally lower than their market prices. some economic activities have an opportunity cost. O all economic activities have an opportunity cost. O economic activities have opportunity costs equal to their market prices.

Due to resource scarcity, O economic activities have opportunity costs generally lower than their market prices. some economic activities have an opportunity cost. O all economic activities have an opportunity cost. O economic activities have opportunity costs equal to their market prices.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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