Which of the following options can be related to opportunity cost?

The option that can be related to opportunity cost is: Economic cost

Explanation:

• Opportunity cost refers to the value of the next best alternative foregone when a decision is made.
• Economic cost includes both explicit costs (actual monetary payments made for resources) and implicit costs (opportunity costs associated with using resources that the firm already owns).
• Therefore, economic cost encompasses the concept of opportunity cost, as it considers the value of the resources in their best alternative uses.