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Today at 5:19 AM
Social Studies

Answered

An opportunity cost is the _____ .
value gained by your top choice
value of all alternatives given up
value of the best alternative given up

Answer :

WorldCitizen WorldCitizen

Today at 5:24 AM

An opportunity cost is the cost of giving up on something, while choosing something else. It only refers to the most valuable rejected alternative.

So, for example, if you have to choose between A,B and C and You choose B, your opportunity cost is giving up on the more valuable between the A and C.

The correct answer is "value of the best alternative given up".

Answer Link

Today at 5:24 AM

Answer:

"value of the best alternative given up".

Explanation:

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