Which principle tells you that the true cost of something is the next best alternative you have to give up to get it?
A)The cost-benefit principle.
B)The opportunity cost principle.
C)The marginal principle.
D)The interdependence principle.

Question

Quizplus · Accepted Answer

The principle that tells you that the true cost of something is the next best alternative you have to give up to get it is called the opportunity cost principle. Therefore, the best choice would be B) The opportunity cost principle.

Which Principle Tells You That the True Cost of Something