Respuesta :
An opportunity cost is the next-best alternative you give up in order to do something else.
Explanation:
The fundamental explanation of opportunity cost is the cost of the subsequent best thing one could have done had you not created once the initial selection. opportunity costs can be further divided into explicit and implicit. Implicit opportunity costs often matter resources other than money. Opportunity costs are fundamental costs in economics and are used in computing cost-benefit review of a project. This idea is beneficial in the measurement of the corresponding prices of various goods and also beneficial in fixing the price of a factor.
C) is the next-best alternative you give up in order to do something else.
- The most basic definition of opportunity cost is the expense of the next best thing you might have done if you hadn't made the first choice.
- There are two types of opportunity costs: explicit and implicit. Implicit opportunity costs frequently affect non-monetary resources.
- In economics, opportunity costs are basic charges that are used to calculate a project's cost-benefit analysis.
- This concept is useful in determining the related prices of various items as well as in determining the price of a factor.
- An opportunity cost is C) is the next-best alternative you give up in order to do something else.
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