Your school decides to build a new performing arts center. What is the opportunity cost of constructing the new performing
arts center?
O Answer cannot be known
O The cost of building the performing arts center now, rather than waiting until next year.
O The money used for the construction of the performing arts center.
O Any other goods and services that now cannot be provided due to the resources used for the performing arts center.
The opportunity cost would be any other goods and services that now cannot be provided due to the resources used for the performing arts center.
Opportunity cost refers to the value of the next-best-valued alternative use of that resource.
It is also, known as the alternative cost, it is the loss of gain which could have been gained if another alternative was chosen. It can also be explained as the loss of benefit due to a change in choice.
Here the best option would be to use any other goods and services that now cannot be provided due to the resources used for the performing arts center.
Thus the correct option is option D.
To learn more about Opportunity cost, refer:https://brainly.com/question/20380970
