Opportunity cost is ________.

CA Foundation · Business Economics · MTP · May 2026
Opportunity cost is ________.
(A) A. A cost that cannot be avoided.
(B) B. The cost incurred in the past before we make a decision about what to do in the future
(C) C. That which we forgo or give up when we make a choice or a decision
(D) D. The additional benefit of buying an additional unit of a product

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. That which we forgo or give up when we make a choice or a decision

Topics: Nature & Scope of Business Economics

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