ndividual decides to spend the day playing golf.  The opportunity cost of this decision      A) could be measured by using the wage rate this individual earned prior to retirement. B) is zero, since the individual is retired and is not forgoing any income to spend the day golfing. C) is equal to cost of the golf outing. D) equals the cost of the golf outing plus the value of the individual's alternative use of time 3) When the price of a good falls and customers tend to buy more of it instead of other goods, economists call this the ________ effect.      A) substitution B) diminishin

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