Economics · Basic Economic Concepts
Which of the following is correct regarding Opportunity Cost?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is the benefit that is derived from an option that is chosen.
- 2Considering the value of opportunity costs cannot guide individuals and organizations to more profitable decision making.
- 3Opportunity cost analysis does not play a crucial role in determining a business's capital structure.
- 4To properly evaluate opportunity costs, the costs and benefits of every option available must be considered and weighed against the others.✓
Correct answer
To properly evaluate opportunity costs, the costs and benefits of every option available must be considered and weighed against the others.
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