The Term "Opportunity Cost" Is Best Defined As

Multiple Choice

The term "opportunity cost" is best defined as:

A) the amount of money paid for an item.
B) the amount of money paid for an item, taking inflation into account.
C) the amount of money paid for an item, taking possible discounts into account.
D) the benefit associated with a rejected alternative when making a choice.
E) an irrelevant decision factor.