What
is the best definition of opportunity costs in the proposals
below?

Question

What
is the best definition of  opportunity costs  in the proposals
below?

Answer

Expected
future revenue that differ among alternative course of actions.

Answer

Costs
that are unavailable because they cannot be changed no matter what action is
taken.

Answer

The contribution to income
that is forgone (rejected) by not using a limited resource in its best
alternative use.

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