Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

The highest-valued alternative that must be sacrificed to get something else is called
Select an Answer
O A. a negative incentive.
OB. opportunity cost.
OC. marginal thinking.
OD. a positive incentive.

Sagot :

GinnyAnswer

Final answer:

Opportunity cost is the value of the next best alternative sacrificed to obtain something desired.


Explanation:

Opportunity cost is the highest-valued alternative that must be sacrificed to get something else. It represents the value of the next best choice forgone when making a decision.

For example, if you choose to buy a new phone, the opportunity cost may be the vacation you could have taken with the same money.

Understanding opportunity cost is essential in decision-making and economic analysis.


Learn more about Opportunity Cost here:

https://brainly.com/question/37051624


Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.