Question

What is a opportunity cost? A. something that you would like to have but can live without B. what you give up when you choose one thing insisted of an another C. a plan to help you track your earning and spending D. when you buy one thing instead of another.

Answer 1

Opportunity cost refers to a benefit that a person could have received, but gave up, to take another course of action. Stated differently, an opportunity cost represents an alternative given up when a decision is made. This cost is, therefore, most relevant for two mutually exclusive events.
So the answer is B. what you give up when you choose one thing insisted of an another
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