Which of the Following Is the Best Definition of Opportunity

question 96

Multiple Choice

Which of the following is the best definition of opportunity cost?

• A)The value of the sum of all possible alternatives to a particular choice
• B)The value of the next-best foregone alternative that was not chosen because something else was chosen
• C)The value of a choice multiplied by the value of the next-best alternative
• D)The cost of making an opportunistic choice
• E)None of these is remotely close to an appropriate definition of opportunity cost.

---

Definitions:

Nonhuman Primates

Primates, such as monkeys and apes, that are not human but share similar biological and social characteristics with humans.

Reconciliation

The process of repairing relationships and resolving conflicts between individuals or groups, often within the context of political, personal, or social disagreements.

Primates

An order of mammals that includes humans, apes, monkeys, and prosimians, characterized by large brains, opposable thumbs, and complex social behaviors.

Orangutans

A genus of great apes native to Indonesia and Malaysia, known for their intelligence, long arms, and reddish-brown hair.