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If I have a choice to buy a sweater and a new pair of pants and I choose the sweater, my opportunity cost is
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45 votes
If I have a choice to buy a sweater and a new pair of pants and I choose the sweater, my opportunity cost is

User Mojbro
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1 Answer

12 votes
12 votes

Answer:

The new pair of pants

Step-by-step explanation:

Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up. Hence, you gave up the option to buy the pair of pants in favor of buying the sweater.

User Max Rydahl Andersen
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