History, 18.12.2019 09:31 jdisalle2808

Which of the following descriptions best explains the meaning of opportunity cost?
a. the initial cost of starting a new business
b. the cost of business failure
c. the cost of choosing one alternative over another
d. the risk associated with producing a new item

Answers: 2

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More questions: History Another questions

Which of the following descriptions best explains the meaning of opportunity cost? a. the initial cost of starting a new business b. the cost of business failure c. the cost of choosing one alternative over another d. the risk associated with producing a new item

Answers

Another question on History

Which of the following descriptions best explains the meaning of opportunity cost?
a. the initial cost of starting a new business
b. the cost of business failure
c. the cost of choosing one alternative over another
d. the risk associated with producing a new item