Question

Select the answer that best describes opportunity cost:

Answer 1

The best option that describes opportunity cost is:

C. What you gain as a result of choosing one option versus another; a benefit.

Opportunity cost is defined as the loss of a potential gain from another alternative being chosen. The best option is C, because it mentions what you gain and benefit from chosing something over another. Most people have opportunity costs in their life daily, but do not realize that they are constantly making these types of decisions.

Answer 2

(C. What you gain as a result of choosing one option versus another; a benefit.) 
It would be C, because if it's an opportunity then that means it's going to benefit you, your gaining a resource in your business.