Question

Which phrase best describes an opportunity cost?

OA. The amount of money a business has to make a product
B. The money a business makes after paying for its expenses
OC. The value of what is lost when picking one choice over another
OD. The price of a product determined by supply and demand

Answer 1

Answer: the answer is C

Explanation: Opportunity cost is the least desirable alternative given up as a result of a decision. so therefore with the definition its C