Opportunity cost is: a. total operating cost. b. the highest-valued alternative forgone when a decision is made. c. the total market value of foregone goods and services. d. the dollar cost of producing

Opportunity cost is:

a. total operating cost.
b. the highest-valued alternative forgone when a decision is made.
c. the total market value of foregone goods and services.
d. the dollar cost of producing goods and services.
e. total implicit cost.

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Opportunity cost is: a. total operating cost. b. the highest-valued alternative forgone when a decision is made. c. the total market value of foregone goods and services. d. the…

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