Mejia Barker
10/14/2023 · Junior High School
Which situation best illustrates the economic concept of opportunity cost? A. A business gives its employees a raise, so it cannot afford to buy any TV ads. B. A business takes out a large loan, so it is able to expand into a new market. C. A business plans to relocate to a new city after taxes increase in its home city. D. A business decides to begin advertising its product in more foreign markets.
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A business gives raises, so it can't buy TV ads, illustrating opportunity cost.
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