Question

what measures the value of the skipped alternative

A. Closed Economy
B. Production Possibilities Frontier (PPF)
C. Opportunity Cost
D. Economic Efficiency

Answer 1

Answer:

The answer is C, Opportunity Cost.

Explanation:

It measures the potential gain of another opportunity that wasn't selected.

Answer 2

Opportunity Cost is the measures the value of the skipped alternative. Hence, option C is correct.

What is opportunity cost?

The value of what you must give up in order to pick something else is referred to as opportunity cost in economics. It is, in a nutshell, the worth of the path not travelled.

Example of opportunity cost is An entrepreneur wishes to expand his product offering with a new item.

Thus, option C is correct.

For more details about Opportunity Cost, click here:

https://brainly.com/question/13036997

#SPJ2