QUESTION IMAGE
Question
an opportunity cost is the ______. value gained by your top choice value of the best alternative given up value of all alternatives given up
Brief Explanations
Opportunity cost is defined as the value of the best - forgone alternative when a choice is made. It's not the value of all alternatives given up (which would be excessive and not practical to consider in most cases) and not the value gained by the top choice.
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value of the best alternative given up