Ask Question
BusinessBusiness
10 January, 00:13

Opportunity cost A. does not exist since there are no receipts. B. is always the value of the next best forgone opportunity. C. can only be measured as a paid cost. D. is always the lowest valued alternative.

+3
Answers (1)
  1. 10 January, 02:27
    0
    B. is always the value of the next best forgone opportunity.

    Explanation:

    Opportunity cost is the value of the next best alternative to any decision you make; for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you cannot spend the money on something else. If your next-best alternative to seeing the movie is reading the book, then the opportunity cost of seeing the movie is the money spent plus the pleasure you forgo by not reading the book.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Opportunity cost A. does not exist since there are no receipts. B. is always the value of the next best forgone opportunity. C. can only be ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Janet has identified four features of a college to which she is planning to apply for admission. Identify the pros and cons of Janet's choice of college.
Answers (1)
From an economist's perspective, an important consideration for policies to address global warming is a. the market for recyclable inputs. b. the supply and demand for recycled products. c. the marginal cost and marginal benefit of the policies. d.
Answers (1)
The stockholders' equity of Kowalski Company at the beginning and end of 2018 totaled $ 122 comma 000 and $ 140 comma 000 , respectively. Assets at the beginning of 2018 were $ 149 comma 000.
Answers (1)
According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study: a. is positive. b. outweighs the extra cost. c. exceeds the benefits of the previous hour of study. d.
Answers (1)
What are implicit costs? an implicit cost is a. a cost that remains constant as output changes. b. a cost that changes as output changes. c. a cost incurred in the long run. d. a nonmonetary opportunity cost. e.
Answers (1)
New Questions in Business
An externality is a. a benefit realized by the purchaser of a good or service. b. a cost paid for by the producer of a good or service. c. a benefit or cost experienced by someone who is not a producer or consumer of a good or service. d.
Answers (1)
When a company tries to create new uses for its product, it is undertaking a market modification program. a. True b. False?
Answers (1)
Which of the following statements is correct? 1. Proprietary funds must prepare a Statement of Revenues, Expenses and Changes in Fund Net Position, Statement of Net Position and Statement of Cash Flows. 2.
Answers (1)
Theresa drank 5 ounces of wine. this amount of wine has about as much alcohol as the amount that is in
Answers (1)
A monopolist that earns positive economic profit in the short run will
Answers (1)
Home » Business » Opportunity cost A. does not exist since there are no receipts. B. is always the value of the next best forgone opportunity. C. can only be measured as a paid cost. D. is always the lowest valued alternative.
Sign Up Forgot Password?