Opportunity costA. only is considered for goods in short supply. B. is the value of all alternatives forgone as a result of choosing some given alternative. C. is the value of the next best alternative as a result of choosing some given alternative. D. either B or C.

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Business

Ann Mitchell

6 September, 14:32

Opportunity costA. only is considered for goods in short supply. B. is the value of all alternatives forgone as a result of choosing some given alternative. C. is the value of the next best alternative as a result of choosing some given alternative. D. either B or C.

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Thumper · Answer 1

C. is the value of the next best alternative as a result of choosing some given alternative.

Explanation:

Opportunity cost -

It is the the benefit that an individual, business or investor miss out, while choosing an alternative.

The financial reports does not show the opportunity cost, which the owner of the business use to make an educated decisions while going through multiple options.

Hence, the best alternative out of other.