Question

BEHOLD MY FINAL QUESTION! [that no one has been answering so ima keep posting it]

What is the difference between a cost and opportunity cost?
A. The cost is a short-term goal, while the opportunity cost is a long-term goal.
B. The cost is your plan for spending money, while the opportunity cost is your plan for saving money.
C. The cost is the price you pay for what you get, while the opportunity cost is what you did not get instead.
D. The cost is your expenses, while the opportunity cost is how you spend your income.

Answer 1

The cost is your expenses, while the opportunity cost is how you spend your income (D)

Explanation: This is because cost is how much I spend, while opportunity cost is how I spend my income because I can choose to forgone an alternative/choice

Answer 2

Answer: B. The cost is a short-term goal, while the opportunity cost is a long-term goal

Explanation: The cost is your expenses, while the opportunity cost is how you spend your income.

(i made sure to be extra smart with this final one)