Answered

What is an opportunity cost?
A. The interest rate charged by banks for individuals with poor credit
history
B. The potential value given up by choosing one economic option
over another
C. The amount of revenue a business earns minus the cost of its
expenses
OD. The money an investor must pay when an investment becomes
unprofitable



Answer :

GinnyAnswer

Final answer:

Opportunity cost is the value of the next best alternative foregone in decision-making.


Explanation:

Opportunity cost is the value of the next best alternative foregone. It is the concept that reflects the idea that every decision involves giving up other options, each with its own value. For example, if you choose to go to a movie instead of studying for an exam, the opportunity cost is the potential grade you could have achieved by studying.


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