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Opportunity costs are _____. - the costs incurred by a firm to preserve its market share - benefits gained as a result of accepting a particular project - the costs of pursuing a specific project - benefits
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Opportunity costs are _____.

- the costs incurred by a firm to preserve its market share
- benefits gained as a result of accepting a particular project
- the costs of pursuing a specific project
- benefits lost due to taking on a particular project

User Purres
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1 Answer

3 votes

Answer:

- benefits lost due to taking on a particular project

Step-by-step explanation:

Opportunity costs are also known as the real cost, or the cost of the alternative forgone. Due to the limited resources, a company has to select what project to embark on and what project to leave undone. The opportunity cost is not the benefit gained as a result of accepting a particular project but that lost as a result of the acceptance.

Therefore the last option - benefits lost due to taking on a particular project is right.

User OMGDrAcula
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