{"@context":"https://schema.org/","@type":"Quiz","dateCreated":"2024-09-23T08:03:36.468Z","dateModified":"2026-04-02T12:07:41.427Z","typicalAgeRange":"11-18","educationalLevel":"CUET (UG)","assesses":"Economics - Estimation and Costing","educationalAlignment":[{"@type":"AlignmentObject","alignmentType":"educationalTopic","targetName":"Estimation and Costing"},{"@type":"AlignmentObject","alignmentType":"educationalSubject","targetName":"Economics"},{"@type":"AlignmentObject","alignmentType":"educationalExam","targetName":"CUET (UG)"}],"name":"Quiz about Estimation and Costing","about":{"@type":"Thing","name":"Economics - Estimation and Costing"},"hasPart":[{"@type":"Question","eduQuestionType":"Multiple choice","learningResourceType":"Practice problem","educationalLevel":"intermediate","name":"Question About Estimation and Costing","text":"Opportunity cost refers to :}","encodingFormat":"text/markdown","comment":{"@type":"Comment","text":"\"\""},"suggestedAnswer":[{"@type":"Answer","position":0,"encodingFormat":"text/markdown","text":"

Loss of opportunity

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":1,"encodingFormat":"text/markdown","text":"

Gain of opportunity

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":2,"encodingFormat":"text/markdown","text":"

Next best alternative foregone

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":3,"encodingFormat":"text/markdown","text":"

Next worst alternative foregone

","comment":{"@type":"Comment","text":"\"\""}}],"acceptedAnswer":{"@type":"Answer","position":2,"encodingFormat":"text/markdown","text":"

Next best alternative foregone

","comment":{"@type":"Comment","text":"\"\""},"answerExplanation":{"@type":"comment","text":"The correct option is (C) :Next best alternative foregone."}}}]}

Opportunity cost refers to :

The Correct Option is C

Solution and Explanation

Top Questions on Estimation and Costing

Questions Asked in CUET (UG) exam