The opportunity cost to you of an action is A. how much you must pay for the opportunity to take the action. B. the value to you of the next best action you could have taken. C. the dollar cost to you of the action. D. the cost to society of giving you the opportunity to take the action.

The opportunity cost to you of an action is A. how much you must pay for the opportunity to take the action. B. the value to you of the next best action you could have taken. C. the dollar cost to you of the action. D. the cost to society of giving you the opportunity to take the action.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section1.2: Trade-offs

Problem 3R

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The opportunity cost to you of an action is
A. how much you must pay for the opportunity to take the action.
B. the value to you of the next best action you could have taken.
C. the dollar cost to you of the action.
D. the cost to society of giving you the opportunity to take the action.

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