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Question Practice

What denotes the 'opportunity cost' of a choice?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Introduction
Question Bank

What denotes the 'opportunity ...

Single Answer MCQ
Q-00089278

What denotes the 'opportunity cost' of a choice?

1

The monetary cost of a good

2

The value of the next best alternative forgone

3

The physical resources used

4

The time taken to make a decision

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