New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    Which among the following represent the potential

    benefits an individual, investor, or business misses out on when choosing one alternative over another?
    A Sunk Cost Correct Answer Incorrect Answer
    B Relevant Cost Correct Answer Incorrect Answer
    C Irrelevant Cost Correct Answer Incorrect Answer
    D Variable Cost Correct Answer Incorrect Answer
    E Opportunity Cost Correct Answer Incorrect Answer

    Solution

    Opportunity Cost represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

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