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Opportunity cost is: A. the benefit derived from a product. B. about half of the monetary cost of a product. C. the dollar payment for a product. D. the value of the best alternative forgone in making any choice.

User Benbotto
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1 Answer

2 votes

Answer:

option D

Step-by-step explanation:

the correct answer is option D

Opportunity cost is the value of the best alternative which is declined in making any choice.

The value, benefit or profit, given up to achieve something else is known as opportunity cost.

Opportunity cost is the profit lost by not choosing the best alternative due to some reason.

User Chazz
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