The opportunity cost of an item is Group of answer choices

the number of hours that one must work in order to buy one unit of the item.

always less than the dollar value of the item.

always greater than the cost of producing the item.

what you give up to get that item.

Question

Jace Guerra

Business

14 January, 10:57

The opportunity cost of an item is Group of answer choices

the number of hours that one must work in order to buy one unit of the item.

always less than the dollar value of the item.

always greater than the cost of producing the item.

what you give up to get that item.

+3

Answers (1)

Know the Answer?

India Todd · Answer 1

what you give up to get that item.

Explanation:

The opportunity cost is the cost that is to be sacrificed to get a better option among the available options. It's a motive to select the best alternative from choosing the available alternatives

It is the loss that is to be gain after selecting over the better alternative

So, the last option is correct and the other options are wrongs

The opportunity cost of an item is Group of answer choicesthe number of hours that one must work in order to buy one unit of the item.always less than the dollar value of the item.always greater than the cost of producing the item.what you give up to get that item.

The opportunity cost of an item is Group of answer choices

the number of hours that one must work in order to buy one unit of the item.

always less than the dollar value of the item.

always greater than the cost of producing the item.

what you give up to get that item.