/ Quiz /

Opportunity cost is calculated by which of the following?

  • Question 6a of 10 - Utility

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Opportunity cost is calculated by which of the following?
  • Answers:
  1. Finding the value of the best option that is not chosen.
  2. Calculating the cost of time, energy, and sacrifice.
  3. Subtracting all costs from the total benefit.
  4. Adding the value of all lost opportunities.

The correct answer is: Finding the value of the best option that is not chosen. Opportunity cost is what you give up by not taking the choice that is second best.

      15 total views, 1 views today

Related quizzes


Leave a replyYour email address will not be published. Required fields are marked *