Question

Opportunity cost is A. the idea that because of​ scarcity, producing more of one good or service means producing less of another good or service. B. when unlimited wants exceed the limited resources available to fulfill those wants. C. the highest valued alternative that must be give up to engage in an activity. D. when consumers and firms use all available information as they act to achieve their goals.

Answer 1

Answer:

the highest valued alternative that must be give up to engage in an activity

Explanation:

If Mara leaves her job that pays her $50,000 per annum to start her company where she makes $200,000 per annum, her opportunity cost is $50,000. It is the next best alternative she forgoed in order to start her company.

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