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Question
How are changes in opportunity cost related to decision-making behavior?
a. The lower the opportunity cost of doing activity X, the more likely activity X will be done.
b. The higher the opportunity cost of doing activity X, the more likely activity X will be done.
c. Changes in the opportunity cost play no role in decision making.
d. The lower the opportunity cost of doing activity Y, the more likely activity X will be done.
e. The higher the opportunity cost of doing activity Y, the less likely activity X will be done.
Answer
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Related questions
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