Answered

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The opportunity cost of a chosen item or activity is the value of the best alternative you must pass up.

A. True
B. False

Sagot :

GinnyAnsweridn

Final answer:

Opportunity cost is the value of the best alternative that must be sacrificed when making a decision.


Explanation:

Opportunity cost is the value of the best alternative that had to be forgone in making a choice. It represents the next best option that is sacrificed when a decision is made. For example, if a student decides to study for an exam instead of going to a movie night, the opportunity cost is the enjoyment and social interaction that they gave up.


Learn more about Opportunity cost in decision-making here:

https://brainly.com/question/1675370


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