Answer:
(B) Saving money instead of taking a vacation.
Explanation:
Basically, opportunity cost is the cost incurred by not enjoying the benefit associated with the best alternative choice. It is the weighing the sacrifice made against the gain achieved when making tough money, career, and lifestyle decisions. It is a benefit, profit, or value of something that must be given up to acquire or achieve something else.
You will have to spend a lot of time weighing whether or not the inevitable consequences of a given decision are outweighed by the gains that decision will bring. So saving money instead of taking a vacation is an opportunity cost as you will be choosing saving money over taking a vacation.
The saving of money instead of taking a vacation. This option B is correct.
The opportunity cost is the cost of the particular activity option is of less value and the benefits could be encored by taking part in the activity that has the maximum advantage.
Thus it is the cost of return of the forgone option minus the return of the chosen option. The costs can be both explicitly and implicitly.
Find out more information about the opportunity cost.
brainly.com/question/623811.
