Which of the following has the largest impact on opportunity cost
Subject : Business
Question: Which of the following has the largest impact on opportunity cost?
A) consumer wants
B) tight deadlines
C) consumer needs
D) limited resources
Expert Verified Solution:
The correct answer is:
D) Limited resources
Explanation: Opportunity cost is the value of the next best alternative that must be forgone when choosing. Limited resources have the largest impact on opportunity cost because they restrict the options available and force individuals or organizations to make choices that involve trade-offs. This scarcity of resources means that choosing one option often results in losing another, making the opportunity cost a significant consideration.
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