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What represents the value of the second-best alternative that a person gives up when making a choice? A marginal spending B. marginal benefit с. opportunity cost D marginal cost
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What represents the value of the second-best alternative that a person gives up when making a choice?

A marginal spending
B. marginal benefit
с.
opportunity cost
D
marginal cost

User Lapinkoira
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1 Answer

3 votes

Answer:

c. opportunity cost

Step-by-step explanation:

opportunity cost is the loss of potential gain/benefits from alternative choices when one choice is made.

User Chippycentra
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