Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Paul had three ways to use his allowance money: spend, save, or donate. He decided to donate his money to charity. Any value given up by not choosing to spend or save the money is the _____ .

A) opportunity cost
B) marginal cost
C) trade-off


Sagot :

In this case, any value given up by not choosing to spend or save the money is the "opportunity cost", because the money could be spent elsewhere. "trade offs" and opportunity costs are very similar though in economics.

Answer:

OPPORTUNITY COST

Explanation: