If Harry Inc.doesn't use one of its limited resources in the best possible way, the lost contribution to income could be called
A)an alternative cost.
B)a total alternative cost.
C)an opportunity cost.
D)a resource cost.
E)a constraining factor.

Question

Quizplus · Accepted Answer

The lost contribution to income when a limited resource is not used in the best possible way is called an opportunity cost. Therefore, option C is the correct answer.