Which of the following statements does NOT describe opportunity costs? A. The interest income on uninvested funds that you could have earned, but didn't. B. The income a person could have earned at their job instead of waiting in line to purchase the newest electronic device. C. The rent a landlord did NOT earn on an apartment that was empty for the month. D. The value or satisfaction a consumer gets from a product or service.
Which of the following statements does NOT describe opportunity costs? A. The interest income on uninvested funds that you could have earned, but didn't. B. The income a person could have earned at their job instead of waiting in line to purchase the newest electronic device. C. The rent a landlord did NOT earn on an apartment that was empty for the month. D. The value or satisfaction a consumer gets from a product or service.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following statements does NOT describe opportunity costs ?
A. |
The interest income on uninvested funds that you could have earned, but didn't.
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|
B. |
The income a person could have earned at their job instead of waiting in line to purchase the newest electronic device.
|
|
C. |
The rent a landlord did NOT earn on an apartment that was empty for the month.
|
|
D. |
The value or satisfaction a consumer gets from a product or service.
|
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