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What is opportunity cost?

A. The forgoing of an opportunity because it is considered unimportant.

B. The explicit costs of producing a good or service.

C. The forgoing of the next best alternative.

D. The sunk cost of a good that does not impact the final decision.

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Question added by Deleted user
Date Posted: 2016/08/03
Tomasz L
by Tomasz L , Reporting Specialist , Outworking

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Yeah, option C is correct.

manseer muhammed ali
by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

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Opputunity cost is the forgoing of the next best alternative.

Muhammad Usman Khan
by Muhammad Usman Khan , Internal Auditor , Binzagr Company

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An opportunity cost refers to a benefit that a person could have received, but gave up, to take another course of action.

Muhammad Irfan
by Muhammad Irfan , Accountant , Pak Ready Mix.

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a benefit foregone by choosing one opportunity instead of next best alternative.

Ahmad Khawaja
by Ahmad Khawaja , Account Executive , Jisr

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c.the forgoing of the next best alternative

imran Noor -
by imran Noor - , Audit Officer , Auditor General of Pakistan

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The correct option is <<<<<<< (C)

luay odeh
by luay odeh , Accountant/ Technical analyst / Broker Manager , United traders for financial investment

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c is the correct answer. The forgoing of the next best alternative.

Muhammad Waqar Ibrahim
by Muhammad Waqar Ibrahim , Audit & Finance Manager , Corporate Consultants

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Cost of next best alternative forgone.

Clinton Odinga
by Clinton Odinga , Customer service , KIMKA CONSULTANCY

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an opportunity cost is the cost of a forgone option.

Aar Abdi Aar
by Aar Abdi Aar , Business Administration Instructor , wfp

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If the production possibilities frontier is not bowed out but is a line, indicates there is If the production possibilities frontier is not bowed out but is a line, indicates there is" A) Scarcity b) Constant opportunity cost c) Unemployment d) Increasing Opportunity Cost

CA Rahul Shah
by CA Rahul Shah , Article Assistant , Nimesh M. Shah & Co Chartered Accountant.

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The cost which is not real it is notional cost incurred due to we lost one opportunity due to another example if we invest funds in our inventories then we will not able to invest in any other way like Fixed Deposit and that Interest of Fixed Deposit is Opportunity cost for investing in inventories.

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