Opportunity cost is the _____ alternative that must be sacrificed in order to get something else

Accounting Dec 07, 2020

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

Expert Solution

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.

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.

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