Profits that are lost by moving an input from one use to another are referred to as:

d. opportunity costs

The cost of an alternative that must be forgone in order to pursue a certain action.

Or the benefits you could have received by taking an alternative action.

option D. opportunity cost.........................................

answer : D

opportunity costs.

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d. opportunity costs.

In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen". Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice". The notion of opportunity cost plays a crucial part in ensuring that scarce resources are used efficiently. Thus, opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, pleasure or any other benefit that provides utility should also be considered opportunity costs.

The correct answer is option D

>>>>>>>>>>>>>>>>>>>>> d. opportunity costs. >>>>>>>>>>>>>>>>>>>>

b. cannibalization charges

answer B >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

The profits lost by choosing another alternative is known as opportunity cost