Answer:
False
Explanation:
His opportunity cost would be the cost of the next best option forgone when alternative A is chosen.
The above statement is false because activity A is defined as the benefit he would have to receive, but not an opportunity.
In economics, Opportunity cost is defined as the cost of next best alternatives.
The opportunity cost of a specific activity option is the failure of value or benefit that would be incurred by operating in that activity, relative to engaging in an alternative activity offering a higher return in value or benefit.
Here, John has identified the four activities for choosing any activity and john choose the activity A which is the benefit which he would have received from all the other commodities, it is only a benefit but not an opportunity for john.
Therefore, the above statement is false.
Learn more about opportunity cost, refer:
https://brainly.com/question/17204577
