The higher the opportunity cost of doing something,the more likely it will be done.

Question

Quizplus · Accepted Answer

The statement is incorrect. The higher the opportunity cost of doing something, the less likely it will be done because it means the alternative option has a higher potential benefit or reward. Opportunity cost refers to the value of the alternative action or decision that is foregone in order to pursue a particular choice. Therefore, if the opportunity cost of an action is high, it means there is a significant sacrifice involved in choosing that option and it may not be worth it.

The Higher the Opportunity Cost of Doing Something,the More Likely