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OpenStudy (anonymous):

If you choose between two summer jobs, what is the one you do not choose called? A. trade-off B. opportunity cost C. decision at the margin D. opportunity at the margin (i know this is such a simple question all i would have to do is google the meanings but im getting the meanings confused :/ i thought the answer was C but if someone could maybe simplify the meaning so help explain to me why im wrong i would really appreciate it. thanks!)

OpenStudy (anonymous):

It's B. opportunity cost

OpenStudy (anonymous):

do u mind explaining how u come up with that answer sorry to be picky but i would like to understand why i got it wrong.

OpenStudy (anonymous):

b

OpenStudy (anonymous):

When you chose one over the other, it costs you the alternative that had to be turned down in order to pursue one over the other.

OpenStudy (anonymous):

As in, you lost one in order to keep one.

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