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Cuba Cuba
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8 years ago
You spend $20 on a lottery ticket instead of buying groceries. The $20 spent on the lottery ticket represents an ________ and the forgone groceries represent an ________.
A) explicit cost; explicit cost
B) implicit cost; explicit cost
C) explicit cost; implicit cost
D) implicit cost; implicit cost
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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SydnieSydnie
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Cuba Author
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#2
8 years ago
Straight to the point! Appreciate your time and your help.
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