Opportunity cost is best defined as?

Opportunity cost is best defined as?
  • A.
    the penalty for not seizing golden opportunities
  • B.
    sacrificed alternative (output, income etc.)
  • C.
    the cost of creating job opportunities
  • D.
    payment made to an industrial worker
  • E.
    the difference between fixed and variable costs
Correct Answer: Option B
Explanation
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