An example of an opportunity cost is the wages that you could have earned but did not because you were in class.

Name: An example of an opportunity cost is the wages that you could have earned but did not because you were in class.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Opportunity cost is defined as the value of the next best alternative that is given up when making a decision. In this case, the wages that could have been earned by working instead of attending class represent the opportunity cost of attending class.

An Example of an Opportunity Cost Is the Wages That