OPPORTUNITY COST IS BEST DEFINED AS

104.Opportunity cost is best defined as:marginal cost minus marginal benefit.→ the value of the best forgone alternative.the time spent on an economic activity.the money cost of an economic decision. AACSB: AnalyticBlooms: RememberDifficulty: 1 EasyLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Multiple Choice Question Topic: Production possibilities model