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Homework answers / question archive / Opportunity cost is the _____ alternative that must be sacrificed in order to get something else
Opportunity cost is the _____ alternative that must be sacrificed in order to get something else.
a. lowest-valued
b. middle-valued
c. highest-valued
d. median-valued
Option c. highest-valued is correct.
The gain that could have been the highest if the chosen strategy would not have been opted is seen as a cost.
The money required to acquire a certain item or avail someone's service is said to be cost. It is an expense from the side of a person who acquires and an income for those who provide the item.
