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Garciaarelis16 Garciaarelis16
  • 15-04-2016
  • History
Answered

Any value given up from the best alternative is called the _____ .

Aaccounting cost
Bopportunity cost
Ctrade-off

Verified Answer :

WorldCitizen WorldCitizen
  • 27-04-2016

This is known as the opportunity cost!

For example, imagine that you want to go to college and you consider UConn and UMass and UPenn. You think that UConn is the best, and you like UMass second best.

Then if you decide to go to UConn, your opportunity cost is not going to UMass.

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mycarsgames mycarsgames
  • 11-01-2022

Answer: the answer is opportunity cost

Explanation:

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