The value of the best thing that a person must give up when making a decision is known as the _{--------------------}cost. A)direct B)sunk C)benefit's D)explicit E)opportunity

Name: The value of the best thing that a person must give up when making a decision is known as the -------------------- cost. A)direct B)sunk C)benefit's D)explicit E)opportunity
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Question

Quizplus · Accepted Answer

The opportunity cost is the value of the best alternative that must be given up when making a decision.

The Value of the Best Thing That a Person Must