197k views
1 vote
Question 1 of 5

Which phrase best describes an opportunity cost?
A. The price of a product determined by supply and demand
B. The value of what is lost when picking one choice over another
C. The money a business makes after paying for its expenses
D. The amount of money a business has to make a product
SUBMIT

1 Answer

1 vote
i believe it’s D because an opportunity cost is the cost needed to produce a product
User Michael Sebastian
by
4.9k points