Question

Which best describes an opportunity cost?

O accepting an opportunity to do something else when making an economic decision
O giving up an opportunity to do something else when making an economic decision
O accepting an opportunity to help accomplish something else when making an economic decision
O giving up an opportunity to increase prices when making an economic decision

Answer 1

the answer would be c hope this helps

Answer 2

Answer: B. Giving up an opportunity to do something else when making an economic decision

Explanation: An opportunity cost is the value of the next best alternative that is given up when making a decision. It represents the benefits that could have been gained from an alternative use of the same resources.

Therefore, B is the correct answer for this question <3