Eco101102 notes - Study guides, Class notes & Summaries

ECO NOTES PARKLAND COLLEGE 01/01/01 f (1) QID: 12876 The opportunity cost of any particular choice is the least expensive alternative to the choice. the best alternative to the choice. the price that one pays for the choice. the most expensive alternative to the choice. (2) QID: 12879 If you wait in line one hour to buy a concert ticket for $30, the opportunity cost of that ticket is the best alternative use of the $30. the best alternative to the one hour it too...