The opportunity cost of consuming more today is
A)less production of goods in the future
B)less consumption of goods in the future
C)more production of goods in the future
D)more consumption of goods in the future

Question

Quizplus · Accepted Answer

Consuming more today means we are sacrificing the opportunity to save or invest that money, which could lead to less consumption in the future. This is the basic concept of opportunity cost - the cost of choosing one option is the value of the best alternative forgone. So, by choosing to consume more today, we are giving up the opportunity to save or invest that money, which could have led to more consumption (or more production of goods) in the future.

The Opportunity Cost of Consuming More Today Is