Select the answer that best describes opportunity cost:

A. The amount of money you put into savings every year.

B. The amount of money a business makes every year from sales.

C. What you gain as a result of choosing one option versus another; a benefit.

D. What you give up as a result of choosing one option versus another; a trade-off.

Question

Business

Cecelia Hester

8 June, 08:23

Select the answer that best describes opportunity cost:

A. The amount of money you put into savings every year.

B. The amount of money a business makes every year from sales.

C. What you gain as a result of choosing one option versus another; a benefit.

D. What you give up as a result of choosing one option versus another; a trade-off.

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Answers (1)

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Cecilia Wilcox · Answer 1

(C. What you gain as a result of choosing one option versus another; a benefit.)

It would be C, because if it's an opportunity then that means it's going to benefit you, your gaining a resource in your business.