Question

The opportunity cost of something you decide to get is_____________​

Answer 1

Answer:

The opportunity cost of something you decide to get is the highest valued alternative you give up to get it.

Opportunity Cost:

Opportunity cost is a widely used concept in economics and is useful when making mutually exclusive choices. For example, whether to have a vacation on most famous beaches or to renovate the kitchen.

Answer 2

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The opportunity cost of something you decide to get is next best alternative option.