Opportunity Cost Is Best Defined as the Value of

question 158

Multiple Choice

Opportunity cost is best defined as the value of

• A)all of the other possible options that the decision maker could have chosen.
• B)the alternative which the decision maker would choose if more resources were available.
• C)what is gained from the alternative which is chosen.
• D)resources that are given up to attain the alternative that is chosen.
• E)the next best alternative that the decision forces one to give up.