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    Public Finance and Public Policy
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    Exam 8: Cost-Benefit Analysis
  5. Question
    The Value of an Input in Its Next Best Use
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The Value of an Input in Its Next Best Use

Question 4

Question 4

Multiple Choice

The value of an input in its next best use is the:


A) cost-benefit ratio.
B) explicit cost.
C) marginal benefit.
D) opportunity cost.

Correct Answer:

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