ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jamie must make an economic decision. He must choose whether or not to buy a new truck. After considering all the options, he concludes that the marginal costs of the truck are greater than the marginal benefits. In Jamie’s case, buying the truck would be:
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a rational economic decision.
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an irrational economic decision.
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an opportunity cost.
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a productive choice.
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Explanation:
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