The value of a business owner's time is an example ofGroup of answer choicesan opportunity cost.a fixed cost.an explicit cost.total revenue.
Question
Solution 1
The value of a business owner's time is an example of an opportunity cost.
Here's why:
Opportunity cost is a term used in economics to describe the cost of forgoing the next best alternative when making a decision.
In the context of a business owner's time, if they choose to spend their t Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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