Opportunity costa. represents the best alternative sacrificed for achosen alternative.b. has no relationship to the various alternativesthat must be given up when a choice is madein the context of scarcity.c. represents the worst alternative sacrificed fora chosen alternative.d. represents all alternatives not chosen.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Opportunity cost
a. represents the best alternative sacrificed for a
chosen alternative.
b. has no relationship to the various alternatives
that must be given up when a choice is made
in the context of scarcity.
c. represents the worst alternative sacrificed for
a chosen alternative.
d. represents all alternatives not chosen.
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