An attempt should always be made to maximize opportunity cost.

Question

Quizplus · Accepted Answer

Opportunity cost is the cost of the next best alternative forgone. Maximizing opportunity cost means choosing the option that involves sacrificing the most valuable alternative. This is not always the best strategy as it may lead to missed opportunities and ultimately lower overall value. The goal in decision-making is to choose the option that provides the highest net benefit or utility, which may not always involve maximizing opportunity cost.

An Attempt Should Always Be Made to Maximize Opportunity Cost