When we choose a particular option, we must give up alternative options. The highest-valued alternative forgone is the

When we choose a particular option, we must give up alternative options. The highest-valued alternative forgone is the

Naim 23:10

When we choose a particular option, we must give up alternative options. The highest-valued alternative forgone is the



A) opportunity cost of the option chosen.
B) comparative advantage of the option chosen.
C) absolute advantage.
D) non-monetary cost of the option chosen


Answer: A


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