answers

watching

views

ambercicada595Lv1

6 Oct 2020

Opportunity cost of choosing an option is:

A. the next best alternative given up to choose the option

B. not related to the alternative given up

C. the worst alternative given up to choose the option

D. all the alternatives not chosen

answers

watching

106

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

el-i

Lv10

31 Oct 2021

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Yusra AneesLv10

29 Oct 2020

Already have an account? Log in

Related questions

Which describes an opportunity cost:

a. level of satisfaction consumers feel over purchases.

b. meet fixed expenses and allow for discretionary spending.

c. the benefits of the best alternative option that are given up by a particular decision.

whiteminnow68

The opportunity cost of a decision is measured in terms of

a) the price of a new opportunity that arises.

b) the next best thing has given up.

c( the price of the alternative we choose.

d) sunk cost.

e) time

orchidlocust372

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.

Weekly leaderboard

Home

Homework Help 3,900,000

Economics 400,000

Opportunity cost of choosing an option is:

A. the next best alternative given up to choose the option

B. not related to the alternative given up

C. the worst alternative given up to choose the option

D. all the alternatives not chosen

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Related questions

Weekly leaderboard

Opportunity cost of choosing an option is: A. the next best alternative given up to choose the option B. not related to the alternative given up C. the worst alternative given up to choose the option D. all the alternatives not chosen

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Related questions

Weekly leaderboard

Opportunity cost of choosing an option is:

A. the next best alternative given up to choose the option

B. not related to the alternative given up

C. the worst alternative given up to choose the option

D. all the alternatives not chosen