That which we forgo, or give up, when we make a choice or decision is called
A) out-of-pocket cost.
B) marginal cost.
C) real cost.
D) opportunity cost.

Question

Quizplus · Accepted Answer

Opportunity cost refers to the benefit that is missed or given up when an individual, investor, or business chooses one alternative over another. It represents the value of the next best alternative that is foregone as a result of making a decision.

That Which We Forgo, or Give Up, When We Make