An opportunity cost is the highest valued alternative foregone ...

[jwb375]

An opportunity cost is the highest valued alternative foregone whenever one chooses an alternative.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When making a rational decision which requires the consideration of costs and benefits involved, the opportunity cost of a decision is often not taken into consideration when indeed it should be.
 a. True
  b. False
  Indicate whether the statement is true or false

[cadimas]

Answer to Question 1

True

Answer to Question 2

True