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The opportunity cost of an item is
A. the number of hours needed to earn money to buy the item
B. what you give up to get that item
C. usually less than the dollar value of the item
D. the dollar value of the item

Sagot :

kirabowen15
The opportunity cost of an item is what you give up to get that item.

The opportunity cost of an item is what you give up to get that item.

What is Opportunity Cost?

  • Opportunity cost is the comparison of one economic choice to the next best choice.
  • These comparisons often arise in finance and economics when trying to decide between investment options.
  • The opportunity cost attempts to quantify the impact of choosing one investment over another.
  • Investors are always faced with options about how to invest their money to receive the highest or safest return.
  • The investor’s opportunity cost represents the cost of a foregone alternative.
  • If you choose one alternative over another, then the cost of choosing that alternative becomes your opportunity cost.
  • A simple way to view opportunity costs is as a trade-off. Trade-offs take place in any decision that requires forgoing one option for another.
  • Opportunity Cost = Return on option not chosen - Return on   option chosen

To learn more about opportunity cost, refer to: https://brainly.com/question/21844678

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