If you spend $20 for your dinner,an opportunity cost is that you have forgone the possibility of using that money to buy gasoline for your car.

Question

Quizplus · Accepted Answer

Opportunity cost refers to the foregone alternative when a particular choice is made. In this case, if $20 is spent on dinner, the opportunity cost is the possibility of using that money for some other purpose, such as buying gasoline for the car. Therefore, the statement is true.

If You Spend $20 for Your Dinner,an Opportunity Cost Is