Determining the opportunity cost of a project depends on the alternatives available.

Name: Determining the opportunity cost of a project depends on the alternatives available.
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Opportunity cost is the value of the next best alternative foregone when making a decision. Therefore, the opportunity cost of a project depends on the alternatives available, because it is based on the comparison between the benefits and costs of the chosen project and those of the next best alternative.

Determining the Opportunity Cost of a Project Depends on the Alternatives