Question

Opportunity cost is the ______.

विकल्प

• Number of units sacrificed

• Number of units gained

• Cost of next best alternative foregone

• None of these

Answer 1

Opportunity cost is the Cost of next best alternative foregone.

Explanation:

Opportunity cost is defined as the cost of the next best alternative foregone. It is not merely the number of units sacrificed or gained unless those represent the foregone alternative.