What you give up to obtain an item is called your

a. opportunity cost.

b. direct cost.

c. explicit cost.

d. monetary cost?

Question

Marianna Terry

Business

31 May, 23:51

What you give up to obtain an item is called your

a. opportunity cost.

b. direct cost.

c. explicit cost.

d. monetary cost?

+3

Answers (1)

Know the Answer?

Thaddeus Kennedy · Answer 1

A) Opportunity cost

because an opportunity cost is for example you have to pick from a xbox one or a ps4. You saw that the ps4 was more scarce for you but you had to give up the xbox one to obtain the ps4. Nothing is free in life! You sacrificed the xbox one for the ps4

What you give up to obtain an item is called youra. opportunity cost.b. direct cost.c. explicit cost.d. monetary cost?

What you give up to obtain an item is called your

a. opportunity cost.

b. direct cost.

c. explicit cost.

d. monetary cost?