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What type of cost is associated with the opportunity lost when choosing one alternative over another?

Practice Questions

1 question
Q1
What type of cost is associated with the opportunity lost when choosing one alternative over another?
  1. Sunk cost
  2. Fixed cost
  3. Variable cost
  4. Opportunity cost

Questions & Step-by-step Solutions

1 item
Q
Q: What type of cost is associated with the opportunity lost when choosing one alternative over another?
Solution: Opportunity cost represents the potential benefits lost when one alternative is chosen over another.
Steps: 0

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