Opportunity Cost Can Best Be Defined as the

question 177

Multiple Choice

Opportunity cost can best be defined as the

• A)value of what must be given up in order to acquire an item.
• B)money cost to the buyer to acquire a good or service.
• C)total value of all the other items that otherwise could be acquired.
• D)cost to the seller to produce an item.
• E)time cost to obtain the money to buy an item.