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Select the correct answer. What represents the value of the second-best alternative that a person gives up when making a choice? OA. marginal spending OB. marginal benefit OC. o…

Select the correct answer. What represents the value of the second-best alternative that a person gives up when making a choice? OA. marginal spending OB. marginal benefit OC. o…
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3 votes
Select the correct answer.

What represents the value of the second-best alternative that a person gives up when making a choice?
OA. marginal spending
OB.
marginal benefit
OC.
opportunity cost
O D. marginal cost

asked
User Phil Lello
by
8.2k points

1 Answer

2 votes
Option C - opportunity cost
It is the cost of taking a different alternative, the value you’re passing up.
answered
User Nilaja
by
8.3k points
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