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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 ajoutée par Utilisateur supprimé
Date de publication: 2016/08/03
Tomasz L
par Tomasz L , Reporting Specialist , Outworking

Yeah, option C is correct.

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

Opputunity cost is the forgoing of the next best alternative.

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

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

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

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

Ahmad Khawaja
par Ahmad Khawaja , Account Executive , Jisr

c.the forgoing of the next best alternative

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

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

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

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

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

Cost of next best alternative forgone.

Clinton Odinga
par Clinton Odinga , Customer service , KIMKA CONSULTANCY

an opportunity cost is the cost of a forgone option.

Aar Abdi Aar
par Aar Abdi Aar , Business Administration Instructor , wfp

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

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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