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2 September, 13:38

Opportunity cost a) only is considered for goods in short supply. b) is the value of the next best alternative as a result of choosing some given alternative. c) is the value of all alternatives forgone as a result of choosing some given alternative. d) either B or C.

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  1. 2 September, 13:48
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    i believe the correct answer is C as that is the definition.
  2. 2 September, 14:06
    0
    C. is the value of the next best alternative as a result of choosing some given alternative

    Explanation:

    Opportunity cost - It is the the benefit that an individual, business or investor miss out, while choosing an alternative. The financial reports does not show the opportunity cost, which the owner of the business use to make an educated decisions while going through multiple options.
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Home » Business » Opportunity cost a) only is considered for goods in short supply. b) is the value of the next best alternative as a result of choosing some given alternative. c) is the value of all alternatives forgone as a result of choosing some given alternative.
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