The Opportunity Cost of an Activity Is

question 24

Multiple Choice

The opportunity cost of an activity is

• A)zero if you choose the activity voluntarily
• B)the amount of money spent on the activity
• C)the value of the best alternative not chosen
• D)the sum of benefits from all of the sacrificed alternatives
• E)the difference between the benefits and the costs of that activity

---

Definitions:

Solve

To find an answer to, explanation for, or means of effectively dealing with a problem or question.

Detailed

Characterized by the provision of comprehensive and thorough information or descriptions.

Objective Study

An investigation or analysis conducted in an impartial and unbiased manner, focusing on factual evidence.

Snapshot Case Study

A case study approach that provides a detailed examination of a subject or phenomenon at a specific point in time.