The opportunity cost to the United States of placing a man on the moon was

Question

Quizplus · Accepted Answer

The opportunity cost of placing a man on the moon is the loss of utility from the highest valued bundle of products that had to be forgone because of the mission. In other words, the United States had to give up producing other goods and services in order to invest in the space program, and the value of these forgone goods and services is the opportunity cost. This choice is the best because it captures the essence of opportunity cost - the value of the next best alternative forgone. The other choices are incorrect because they do not represent opportunity cost in the correct way.

The Opportunity Cost to the United States of Placing a Man