when studying finance or economics, the cost of a decision is also known as a(n)\no personal cost.\no…

when studying finance or economics, the cost of a decision is also known as a(n)\no personal cost.\no financial cost.\no long - term cost.\no opportunity cost.

when studying finance or economics, the cost of a decision is also known as a(n)\no personal cost.\no financial cost.\no long - term cost.\no opportunity cost.

Answer

Answer:

D. opportunity cost.

Brief Explanations:

In finance and economics, opportunity cost is the cost of choosing one option over the next - best alternative. It represents the value of the forgone opportunity.