Among a set of alternatives with the same total costs an ind

Among a set of alternatives with the same total costs, an individual is said to optimize if she chooses an alternative that has the: O A. lowest opportunity costs B. highest risk. highest total benefit. C. O D. highest net costs. Click to select your answer.

Solution

Opportunity cost is what we give up to get an item. If one has the lowest opportunity cost, it will be the best alternative.

Option A is correct.

 Among a set of alternatives with the same total costs, an individual is said to optimize if she chooses an alternative that has the: O A. lowest opportunity co

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