What is an example of an opportunity cost of starting a business venture?

what is the opportunity cost of starting a business venture? A the income for the venture B the cost of all the options foregone C the next best alternative you have to give up to get it D Evaluating the full set of costs and benefits of the venture

Opportunity cost

An example of an cost is when a firm issues more equity and an entrepreneur increases leisure time.

Which situation best illustrates an example of an opportunity cost?A.A restaurant offers new customers discounted rates in order to attract more loyal customers over time.B.A retailer decides to stop selling a certain brand of electronics because it has been in low demand.C.A factory increases wages for its workers but does not have enough money left over to invest in new machinery.D.A business owner performs a cost-benefit analysis to decide on a price for his newest product.

An example of an explicit cost of production would be theGroup of answer choicescost of forgone labor earnings for an entrepreneur.lost opportunity to invest in capital markets when the money is invested in one's business.lease payments for the land on which a firm's factory stands.value of the time the business could've spent producing something else.