The most desired goods or services that are given up when a choice is made are called the
A)Rationing device.
B)Economic profit.
C)Opportunity cost.
D)Utility cost.

Name: The most desired goods or services that are given up when a choice is made are called the A)Rationing device. B)Economic profit. C)Opportunity cost. D)Utility cost.
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Question

Quizplus · Accepted Answer

Opportunity cost refers to the benefits or values of the most desirable alternative foregone when making a choice. It is the cost of forgoing the next best alternative.

The Most Desired Goods or Services That Are Given Up