Which of the following is not true with regard to opportunity costs?
A) They are the benefits forgone by selecting one alternative over another.
B) They are relevant.
C) They are sometimes difficult to quantify.
D) They have already occurred in the past.

Question

Quizplus · Accepted Answer

Opportunity costs are future costs that are foregone by selecting one alternative over another; therefore, they have not yet occurred in the past.

Which of the Following Is Not True with Regard to Opportunity