Opportunity costA.only is considered for goods in short supply.B.is the value of all alternatives forgone as a result of choosing some given alternative.C.is the value of the next best alternative as a result of choosing some given alternative.D.either B or C.

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raltaf5552 raltaf5552

11-09-2019
Business

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Opportunity costA.only is considered for goods in short supply.B.is the value of all alternatives forgone as a result of choosing some given alternative.C.is the value of the next best alternative as a result of choosing some given alternative.D.either B or C.

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Answer:

C. is the value of the next best alternative as a result of choosing some given alternative.

Explanation:

Opportunity cost -

It is the the benefit that an individual , business or investor miss out , while choosing an alternative .

The financial reports does not show the opportunity cost , which the owner of the business use to make an educated decisions while going through multiple options .

Hence , the best alternative out of other .