The opportunity cost of something is
A) the cost of the labor used to produce it.
B) what you sacrifice to get it.
C) the price charged for it.
D) the search cost required to find it.

Name: The opportunity cost of something is A) the cost of the labor used to produce it. B) what you sacrifice to get it. C) the price charged for it. D) the search cost required to find it.
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Question

Quizplus · Accepted Answer

Opportunity cost refers to what you have to give up in order to choose one option over another.

The Opportunity Cost of Something Is