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Which of the following best distinguishes an opportunity costfrom an outlay cost? Multiple Choice Opportunity...

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Economics

Which of the following best distinguishes an opportunity costfrom an outlay cost? Multiple Choice Opportunity costs have verylittle utilityin practical applications, whereas outlay costs arealways relevart. Opportunity costs are recorded, whereas outloycosts are not. Opportunity costs are sacrifices from foregonealternative uses of resources, whereas outly coss are cash outlows.Outloy costs are speculative in noture, whereast opportunity costsare easly uscesble so products. Prey 1 of 20 Next

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