Practice prompt · Q:economics-and-market-foundations/next-best-feasible-001

Select the next-best feasible alternative

Recompute opportunity cost from a ranked feasible set without adding rejected options or selecting an unavailable project.

Updated Aug 7, 2026 Review due Nov 7, 2026

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A controller selects a 90-point covenant review for the only available review block. Other tasks are a 75-point vendor control exception, a 95-point acquisition model that cannot be completed because required evidence is unavailable, and 30-point board-deck formatting. What is the opportunity cost?

Choose the best answer. a 95 points, because the unavailable acquisition model has the highest score. b 75 points, the value of the highest-ranked feasible task displaced by the selected review. c 200 points, the sum of all three unselected task scores.

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Answer: b

Choice b. Remove the infeasible acquisition model, then select the 75-point vendor control exception as the highest-valued feasible alternative forgone.