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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

2 Answers

5 votes

Answer:

D)opportunity cost

Step-by-step explanation:

because when you choose to do one thing instead of doing another, you've made an opportunity cost.

User BINAY THAPA MAGAR
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2 votes
The answer would be A) because a fixed cost is a rate.
User Roozbeh Bakhshi
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