Read each question and choose the best answer.

Question

An opportunity cost is
A. the best alternative that is given up when a decision is made.
B. the worst alternative that is given up when a decision is made.
C. a choice that is made when no alternative is very good.
D. the cost of making decisions related to producing goods.

Answer 1

The best answer is:

A. the best alternative that is given up when a decision is made.