The Opportunity Cost of an Action

Multiple Choice

The opportunity cost of an action:

A) ​can be objectively determined only by economists.
B) ​is a subjective valuation that can only be determined by the individual who chooses the action.
C) ​can be determined by adding up the dollar costs incurred as a result of the action.
D) ​can be determined by considering both the benefits that flow from as well as the monetary costs incurred as a result of the action.