QuestionAugust 16, 2025

Opportunity cost is the value of the oprion that was given up. A. True B. False

Opportunity cost is the value of the oprion that was given up. A. True B. False
Opportunity cost is the value of the oprion that was given up.
A. True
B. False

Solution
4.5(419 votes)

Answer

A. True Explanation 1. Define Opportunity Cost Opportunity cost is the value of the next best alternative that is foregone when a decision is made.

Explanation

1. Define Opportunity Cost<br /> Opportunity cost is the value of the next best alternative that is foregone when a decision is made.
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