Recall the Application about the time and invested funds that are involved in starting a decorative
bottle-cap pin business to answer the following question(s).
-The time and invested funds involved in starting a decorative bottle-cap pin business address the economic concept of
A)the marginal principle.
B)opportunity cost.
C)the real-nominal principle.
D)the principle of diminishing returns.

Question

Quizplus · Accepted Answer

The time and invested funds involved in starting a business relate to opportunity cost, which is the cost of forgoing the next best alternative when making a decision.

Recall the Application About the Time and Invested Funds That