I'm trying to understand the concept of opportunity cost. I want to know which of the given options best explains this economic term.
7 answers
CryptoMystic
Mon Jan 20 2025
The accurate response is b.
Eleonora
Sun Jan 19 2025
When an alternative is not pursued, certain benefits are relinquished.
EclipseRider
Sun Jan 19 2025
Specifically, it reflects the income or savings that would have resulted from choosing another option.
Elena
Sun Jan 19 2025
It pertains to the advantages forfeited when an alternate plan of action is not selected.
BonsaiBeauty
Sun Jan 19 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services.