Answer:
Opportunity cost is the cost of a foregone alternative. If you chose one alternative over another, then the cost of choosing that alternative is an opportunity cost. Opportunity cost is the benefits you lose by choosing one alternative over another one.
Hope it helps.
This answer would be False...
Answer:
Reactive devaluation
Explanation:
From the scenario described. It can be observed that the students gave the idea a lower rating because it was coming from the opposing side. Hence, this is am an example of REACTIVE DEVALUATION.
This is because Reactive Devaluation is a term that describes a form of mental bias from one party towards another. This arises when a plan is devalued by party A because the plan comes from party B who is perceived as the opponent.
Hence, in this case, the students' reaction is an example of Reaction Devaluation