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Opportunity cost is best defined as:

A) How much money is paid for something.
B) How much money is paid for something, taking inflation into account.
C) The highest-valued alternative that is given up to get something.
D) All the alternatives that are given up to get something.

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Joshua Stredder
Joshua StredderLv10
28 Oct 2020
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Related questions

The opportunity cost of something is
(a) greater during periods of rising prices.(b) equal to the money cost.(c) equal to the value of all the alternatives given up to get it.(d) the value of the next best alternative that is given up to get it.(e) none of the above.

The opportunity cost of an item is: Select one:

a. The highest-valued alternative that must be given up to engage much economic activity.

b. The value of all the alternatives that must be given up to engage in any economic activity.

c. The lowest-valued alternative that must be given up to engage in any economic activity.

d. The average value of all the alternatives that you forego to engage in any economic activity.

Ā 

the term "opportunity cost" is best defined as:

a. the benefit associated with a rejected alternative when making a choice.

b. an irrelevant decision factor. the amount of money paid for an item.

c. the amount of money paid for an item, taking possible discounts into account.

d. the amount of money paid for an item, taking inflation into account.

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