The opportunity cost of a purchase is
A) zero if the item is what someone wants most.
B) always equal to the selling price of what someone purchased.
C) always greater for people who are out of work than for people who are working.
D) the alternative good or service that one sacrifices because a different good was purchased.
E) the lowest possible price.

Question

Quizplus · Accepted Answer

The opportunity cost is the alternative that one gives up when choosing a different option. Therefore, option D correctly defines the concept of opportunity cost. Options A, B, C, and E do not provide a definition or explanation of opportunity cost.

The Opportunity Cost of a Purchase Is