Opportunity cost is best defined as the value of:

A All the other possible things that the decision maker could have chosen
B The alternative that the decision maker would have chosen from the available
C What is gained from the alternative that is chosen
D The next nest alternative that the decision forces one to give up

Correct Answer: The next nest alternative that the decision forces one to give up

Bissoy MCQ
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Related Questions

Opportunity cost is best defined as the value of :
A All the other possible things that the decision maker could have chosen
B The alternative that the decision maker would have chosen from the available
C What is gained from the alternative that is chosen.
D The next best alternative that the decision forces one to give up
A cost was sold for Tk. 75 . The cost was sold for 150% of the cost of the cost. How much did the coat cost ?
A Tk. 150
B Tk. 45
C TK. 50
D TK. 60
The cost of picture frame M is Tk. 10.00 less than 3 times the cost of picture frame N. If the cost of frame M is Tk. 50.00, what is the cost of frame N?
A Tk. 13.33
B Tk. 16.66
C Tk. 20.00
D Tk. 26.66
The cost of picture frame M is TK. 10.00 less than 3 times the cost of picture frame N. If the cost of frame M is TK. 50.00 , what is the cost of frame N?
A TK. 13.33
B TK. 16.66
C TK. 20.00
D TK. 26.66
During the four years that Mr. Rahim owned his car,he found that his total car expenses were Tk. 18,000. Fuel and maintenance costs accounted for 1/3 of the total cost and together these two costs accounted for 1/5 of the total cost. If the only other expenses were taxes and License fees, then the cost of financing was how more of less than the cost of taxes and license fees?
A 300 tk less
B 600
C 500
D 8525
Three apples and Four oranges cost Tk. 64. Four apples and Three oranges cost Tk.62. One apple, One orange and One papaya cost Tk. 28. What is the cost of papaya in Taka?
A 12
B 10
C 20
D None
The price of raw meterials had gone up by 15% labor cost has also increased from 25% of the cost of ras material to 30% of the cost of raw material. By how much percentage should there be reduction in the usage of raw materials so as to keep the cost same?
A 28%
B 17%
C 27%
D 24%
The cost of 9 mangoes and 5 apples is equal to the cost of 7 mangoes and 8 apples. Find the ratio between the cost of 1 mango and the cost of one apple.
A 3 : 2
B 2 : 3
C 5 : 8
D 9 : 7
" The rising of costs" of data processing operations at many financial institutions has created a growing opportunity for independent companies to provide these services more efficiently and at lower cost .
A The rising of costs
B Rising costs
C The rising cost
D Because the rising cost
Mr. Abul Kashem has set up a poultry firm with an investment of TA. 50.000 . He gets an average yearly income of TA. 36,000 from the firm. If he did not set up this poultry from such grocery he could get an yearly income of TA. 39,000 . What is the opportunity cost of the Poultry firm that Mr. Kashem is running?
A TA. 50,000
B TA . 37,500
C TA. 39,000
D TA. 11,000

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