Answered

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The highest-valued alternative that must be sacrificed to get something else is called
Select an Answer
O A. a negative incentive.
OB. opportunity cost.
OC. marginal thinking.
OD. a positive incentive.

Sagot :

GinnyAnswer

Final answer:

Opportunity cost is the value of the next best alternative sacrificed to obtain something desired.


Explanation:

Opportunity cost is the highest-valued alternative that must be sacrificed to get something else. It represents the value of the next best choice forgone when making a decision.

For example, if you choose to buy a new phone, the opportunity cost may be the vacation you could have taken with the same money.

Understanding opportunity cost is essential in decision-making and economic analysis.


Learn more about Opportunity Cost here:

https://brainly.com/question/37051624


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