The highest value surrendered when a decision is made is
A)absolute cost.
B)marginal cost.
C)opportunity cost.
D)capital cost.
E)economic cost.

Name: The highest value surrendered when a decision is made is A)absolute cost. B)marginal cost. C)opportunity cost. D)capital cost. E)economic cost.
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Question

Quizplus · Accepted Answer

The highest value surrendered when a decision is made is referred to as opportunity cost. It represents the value of the next-best alternative that is given up in order to pursue the chosen option.

The Highest Value Surrendered When a Decision Is Made Is