contestada

What factors into the opportunity cost for a decision?
1. the sum of all benefits from all foregone alternatives
2. time spent due to the decision
3. actual financial cost of the decision
4. benefits from the best foregone alternative
5. the difference between the benefits of the first and second best choices

Respuesta :

Answer:

2. time spent due to the decision

3. actual financial cost of the decision

4. benefits from the best foregone alternative

Explanation:

Opportunity costs are those costs that provide benefits from the alternatives which are available. The better one is accepted while the worst one is rejected. The chosen alternative should be made from the available alternatives only

Decision regarding the opportunity cost would depend upon the spending time for taking the decision, decision financial cost, and the benefits which are generated from choosing the alternative