Opportunity cost is the

1)cost of the best alternative use of money, time, or resources when one choice is made rather than another
2)tools, equipment, and factories used in the production of goods and services
4)condition that arises when society does not have enough resources to produce all the things people want to own
4)combined goods and/or services that an economy can produce when all productive resources are fully employed

Option 1.

Explanation:

Option 1) cost of the best alternative use of money, time, or resources when one choice is made rather than another, is the correct answer.

This answer is right because opportunity cost refers to the cost of next best alternative which have forgone. For example, if a person has to forgive one kilogram of apple to buy 1 dozen of banana then the opportunity cost of buying 1 dozen banana is 1 kg apple. Thus the option one is correct answer. Type a message

the following men who did not in the unification of italy were.

a) giuseppe mazzini

c) alexander ll

the other two men were camilo cavour and giuseppe garibaldi they the unification of italy by yielding territories in the italian unification. in 1861 italy was declared a united-nation state under the sardinian king victor immanuel ll.

the chair is the committee member from the majority party who has the most seniority. in the south carolina senate, the chair is the committee member from the majority party who has the most committee seniority.