The most objective measure of economic value is:
A) Full cost of production.
B) Market price.
C) Opportunity cost.
D) The present value of future cash flows.

Question

Quizplus · Accepted Answer

Market price is considered the most objective measure of economic value because it reflects the amount willing to be paid by buyers and agreed upon by sellers in a competitive market, capturing supply and demand dynamics.

The Most Objective Measure of Economic Value Is