An "opportunity cost" may be described as
A)the value of what must be given up.
B)the opportunity foregone.
C)the value of the next best alternative.
D)the correct measure of cost.
E)All of these responses are correct.

Question

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The Answer of An "opportunity cost" may be described as
A)the value of what must be given up.
B)the opportunity foregone.
C)the value of the next best alternative.
D)the correct measure of cost.
E)All of these responses are correct.

An "Opportunity Cost" May Be Described as