Opportunity cost is measured in terms of the

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Question:

Opportunity cost is measured in terms of the

A.

optional cost that has been avoided

B.

negative cost that has been sacrificed

C.

accounting cost that has been paid

D.

next best alternative that has been foregone

Answer» d. next best alternative that has been foregone

Note: The above multiple-choice question is for all general and Competitive Exams in India.