Verified Answer :

An opportunity cost is the cost of giving up on something, while choosing something else. It only refers to the most valuable rejected alternative.
 
So, for example, if you have to choose between A,B and C and You choose B, your opportunity cost is giving up on the more valuable between the A and C.

The correct answer is "value of the best alternative given up".

Answer:

"value of the best alternative given up".

Explanation:

Related Questions