The opportunity cost of a good is
A. the income you forgo to get it.
B. the lowest valued alternative you give up to get it.
C. the highest valued alternative you give up to get it.
D. all alternatives you give up to get it.
Answer:C
The opportunity cost of a good is
A. the income you forgo to get it. B. the lowest valued alternative you give up to get it. C. the highest valued alternative you give up to get it. D. all alternatives you give up to get it.