Question

PLZ HELP ANSWER QUICKLY!!

What is the correct definition of an opportunity cost?

A.) a cost that varies depending on the choices made by a person or group
B.) a cost that does not increase or decrease regardless of how circumstances may change
C.) the cost of producing one additional unit of a good or service
D.) the cost of choosing to do one thing rather than choosing the next best option

Answer 1

Explanation:

c or d

Answer 2

The dictonary defintion of oppertunity cost is, the loss of potential gain from other alternatives when one alternative is chosen.

Idk but I am thinking D im not a 100%! If it is correct hope this helps but if it is wrong i am sorry.