janet1011
Answered

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What is the definition of opportunity cost? 1-4 which one is the correct answer

1. Opportunity cost refers to a NEGATIVE effect that a person could experience but gave up to take another course of action

2. Opportunity cost refer to a BENEFIT that a person could have received but gave up to take another course of action

3. Opportunity cost is a negative effect for a decision made

4. Opportunity cost is a benefit that a person received before taking another course of action

Sagot :

jordanlussier

Answer:

2. Opportunity cost refer to a BENEFIT that a person could have received but gave up to take another course of action

Explanation:

op·por·tu·ni·ty cost

the loss of potential gain from other alternatives when one alternative is chosen.

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