Question

Which situation best describes an opportunity cost?

Answer 1

Answer:Opportunity cost is the cost of the forgone alternative when a choice is made. In this case, the store made a choice between buying a ship of computers, or buying new phones. It cannot do both because the firm has limited resources.

Explanation: Wrong subject.

Answer 2

Answer:

The opportunity cost of taking a vacation instead of spending the money on a new car is not getting a new car. When the government spends $15 billion on interest for the national debt, the opportunity cost is the programs the money might have been spent on, like education or healthcare.