The Term Opportunity Cost Refers to the

The term opportunity cost refers to the

A) Value of all the alternatives given up when a good or service is produced.
B) Financial costs of all the factors of production used to produce a good or service.
C) Amount of resources used to produce a good but not a service.
D) Value of the best alternative given up when a good or service is produceD.Opportunity cost refers to the most desired goods or services forgone,not all the goods forgone,because not all choices would have been given up-just the best alternative.