A choice is made. The value of the highest- valued alternative given up is the _ of the choice made.
A) accounting cost
B) total cost
C) monetary cost
D) opportunity cost

Name: A choice is made. The value of the highest- valued alternative given up is the _ of the choice made. A) accounting cost B) total cost C) monetary cost D) opportunity cost
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Question

Quizplus · Accepted Answer

The value of the highest-valued alternative given up is known as the opportunity cost. Therefore, the answer is D.

A Choice Is Made