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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
C. opportunity cost
D
marginal cost

User Timrau
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2 Answers

0 votes
Answer should be letter c
User Yurnom
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Answer:

c) opportunity cost

Step-by-step explanation:

it means the value of the next highest valued alternative use of that resource. An example is, you spend money and time to go and watch a movie , you can never spend that time you and money at home reading a book and you cannot spend the money on something else

User Charles Marsh
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