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2 January, 18:46

The opportunity cost of an action is

a. objective and will be the same for all individuals.

b. a measure of the undesirable aspects involved in the action.

c. applicable only to choices involving material goods like commodities.

d. the highest valued alternative forgone as the result of choosing an option.

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Answers (1)
  1. 2 January, 19:14
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    d. the highest valued alternative forgone as the result of choosing an option

    Explanation:

    An opportunity cost is anything that you sacrificing one thing for the other due to lack of recources and Scarcity of time

    For example leisure time and working hours
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Home » Business » The opportunity cost of an action is a. objective and will be the same for all individuals. b. a measure of the undesirable aspects involved in the action. c. applicable only to choices involving material goods like commodities. d.
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