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24 November, 00:54

Which type of cost occurs when an individual pays for a piano lesson instead of going to a movie?

A) fixed cost

B) marginal cost

C) residual cost

D) opportunity cost

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Answers (1)
  1. 24 November, 02:35
    0
    The answer is A. Fixed cost. As a movie is going to play for a set amount of time. You pay once up front and that's it.
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