Question

The Opportunity Cost arises ______.

विकल्प

• When there is just one alternative

• When there are two or more alternatives

• Either (a) or (b)

• None of these

Answer 1

The Opportunity Cost arises when there are two or more alternatives.

Explanation:

Opportunity cost arises only when there are two or more alternatives, because only then does choosing one option require giving up the next best alternative.