Below Are Some Production Possibilities Data for the Mystical Land

Multiple Choice

Below are some production possibilities data for the mystical land of Ghandor.

-What is the definition of opportunity cost?

A) The amount of money spent on a good.
B) The value of the next best alternative that is given up as a result of making a particular decision.
C) The value of all the alternatives given up as a result of making a particular decision.
D) The cost incurred in producing a good.