A. the cost of the alternative that has to be sacrificed for it
B. the alternative that has to be forgone in order to purchase it
C. its market price
D. the alternative cost involved when the opportunity of buying the commodity is missed
E. the sacrifice that is made after buying the commodity
Correct Answer:
Option B – the alternative that has to be forgone in order to purchase it
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…