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In Economics / Senior High School | 2025-05-16

What is the meaning of opportunity cost?
A. The cheapest product available
B. The most expensive item you can buy
C. The value of the next best alternative given up
D. The total amount spent in a day

Asked by Rose8162

Answer (1)

The correct answer is letter C. For example, if you skip studying for a qûiz to play Mobilîle Lêgènds, the opportunity cost is the higher grade you could have earned. It’s what you gave up.

Answered by MaximoRykei | 2025-05-18