What is meant by 'opportunity cost'? A) The cost of making a product B) The cost of not taking an opportunity C) The cost of the next best alternative foregone D) The cost of an investment Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer I will give 10 dislikes and more from my friends account

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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What is meant by 'opportunity cost'? A) The cost of
making a product B) The cost of not taking an
opportunity C) The cost of the next best alternative
foregone D) The cost of an investment Don't use
chatgpt or other ai tool. If you know correct answer then
attempt if you gave wrong answer I will give 10 dislikes
and more from my friends account
Transcribed Image Text:What is meant by 'opportunity cost'? A) The cost of making a product B) The cost of not taking an opportunity C) The cost of the next best alternative foregone D) The cost of an investment Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer I will give 10 dislikes and more from my friends account
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