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30 January, 13:53

Which of the following would be categorized as an opportunity cost? a. not being able to spend your $10,000 savings if you sink the money in your businessb. the cost of purchasing supplies for your house-cleaning businessc. the cost of purchasing auto insurance for your dry-cleaning delivery business

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  1. 30 January, 15:49
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    The correct answer is choice a, not being able to spend your $10,000 savings if you sink the money in your business.

    Opportunity cost is the benefits that one gives up when they choose to do one thing over another with their money or investment, which is represented by choice a. The other two options offered are the cost of doing business, or standard expenses, in the house-cleaning or dry-cleaning delivery businesses.
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