Opportunity cost a) only is considered for goods in short supply. b) is the value of the next best alternative as a result of ch

Question

3 years ago

7

Opportunity cost a) only is considered for goods in short supply. b) is the value of the next best alternative as a result of ch

oosing some given alternative. c) is the value of all alternatives forgone as a result of choosing some given alternative. d) either B or C.

Business

2 answers:

Goryan [66] · Answer 1 · 2022-01-20T10:45:15+03:00

Goryan [66]3 years ago

7 0

Answer:

i believe the correct answer is C as that is the definition.

Explanation:

Volgvan · Answer 2 · 2022-01-20T09:38:08+03:00

Answer:

C. is the value of the next best alternative as a result of choosing some given alternative

Explanation:

Opportunity cost -It is the the benefit that an individual , business or investor miss out , while choosing an alternative .The financial reports does not show the opportunity cost , which the owner of the business use to make an educated decisions while going through multiple options .