BSEH SS Economics Practice Questions - Board Of School Education Haryana (BSEH) Senior Secondary Economics (Class 12 - Economics Elective, Date-sheet Code 576) Exam

Opportunity cost of a choice is best defined as:

The total money spent on the chosen option The value of the next-best alternative foregone The sum of all alternatives considered Accounting cost minus economic cost

Correct Answer:

The value of the next-best alternative foregone

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