Opportunity Cost Is Best Defined as

question 304

Multiple Choice

Opportunity cost is best defined as

• A) how much money is paid for something.
• B) how much money and time it takes to consume something.
• C) the value of the highest-valued alternative that is forgone in making a choice.
• D) the total of all other alternatives that are forgone in making a choice.
• E) the sunk cost of any decision.

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