The ____ of a resource is the benefit that would have been available from its next best use.
A)opportunity cost
B)present value
C)future value
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Opportunity cost is the benefit that could have been gained from the next best alternative use of a resource. Present value and future value refer to the current and future worth of an investment, respectively, and are not related to the concept of opportunity cost.

The ____ of a Resource Is the Benefit That Would