Question 10 of 10 Which term describes the value of what you give up when you choose between two options? A. Equity B. Opportunity cost C. Value cost D. Down payment

Question

Question 10 of 10 Which term describes the value of what you give up when you choose between two options? A. Equity B. Opportunity cost C. Value cost D. Down payment

Answer 1

B. Opportunity cost

Answer 2

The concept in question refers to the cost associated with foregone alternatives when making a decision. In economics, this is known as the "opportunity cost." It represents the benefits that could have been received by taking the next best alternative action.

Question

Question 10 of 10 Which term describes the value of what you give up when you choose between two options? A. Equity B. Opportunity cost C. Value cost D. Down payment

Answer

Answer

Explanation