Pls help with below homework. An opportunity cost is the cost ofa)the next best alternative opportunityb)unplanned new opportunitiesc)obtaining new opportunitiesd)lost opportunities

Formula for Opportunity Cost (OC): OC = Total Revenue (TR) - Economic Profit (EP)

Answered: An opportunity cost is the cost of

Business

Economics

An opportunity cost is the cost of

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 3MC

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Question

Pls help with below homework.

An opportunity cost is the cost of
a)
the next best alternative opportunity
b)
unplanned new opportunities
c)
obtaining new opportunities
d)
lost opportunities

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