The opportunity cost of an item is
A)the number of hours needed to earn money to buy the item.
B)what you give up to get that item.
C)usually less than the dollar value of the item.
D)the dollar value of the item.

Question

Quizplus · Accepted Answer

The opportunity cost of an item is what you give up to get that item, which includes any alternative uses of resources (time, money, effort) that you forego in order to obtain it.

The Opportunity Cost of an Item Is