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17 September, 02:28

In deciding how to spend an hour of his time, John has identified four activities he can choose from. The opportunity cost of choosing activity A is defined as the benefit he would have received from all of the other activities. True or False?

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  1. 17 September, 05:00
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    False

    Explanation:

    His opportunity cost would be the cost of the next best option forgone when alternative A is chosen.
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