Question

Which phrase best describes the opportunity cost?

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

Answer 1

D

Step-by-step explanation:

Answer 2

D. The value of what is lost when picking one choice over another

Step-by-step explanation:

This is because an opportunity cost is a benefit or profit of something that must be given up to acquire or achieve something else.