Question & Answer

Which answer best defines "opportunity cost"

Q: Which answer best defines “opportunity cost”?

A. What it costs to take advantage of a great savings opportunity.
B. The value of the things you have to give up to get something else.
C. The amount you have to pay to do something.
D. The amount a seller paid to sell you a product.

1 Answer

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AnonymousMay 29, 2024

B. The value of the things you have to give up to get something else.