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

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

Quizplus · Accepted Answer

Opportunity cost represents the highest value forgone when a decision is made, as it is the benefit that could have been gained from the next best alternative.

The Highest Value Surrendered When a Decision Is Made Is