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What represents the value of the second-best alternative that a person gives up when making a choice?

2 Answers

5 votes

Answer:

C.opportunity cost

User Ronif
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The choices for your question are:
A.marginal spending
B.marginal benefit
C.opportunity cost
D.marginal cost

The value of the second-best alternative that a person gives up when making a choice represents the opportunity cost. The answer to your question is C. I hope that this is the answer that you were looking for and it has helped you.
User Brent Dillingham
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