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Opportunity cost is best described by which of the following statements?
Choose 1 answer:
Choose 1 answer:

(Choice A)

The value of the next best option given up when making a decision

(Choice B)

The tradeoffs faced when choosing how to use a scarce resource

(Choice C)

The price to a consumer of a good or service

(Choice D)

The cost a buyer sees for something they want

(Choice E, Checked)

The monetary cost of any economic transaction

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Respuesta :

iamshiahh
i think the answer is d

Answer:

The value of the next best option given up when making a decision.

Explanation: In Opportunity cost means what we give up to get it.