What is the difference between a cost and opportunity cost?(1 point) Responses The cost is a short-term goal, while the opportunity cost is a long-term goal. The cost is a shortcost -term goal, while the opportunity cost is a long-term goal. The is your plan for spending money, while the opportunity cost is your plan for saving money. The cost is your plan for spending money, while the opportunity cost is your plan for saving money. The cost is your expenses, while the opportunity cost is how you spend your income. The cost is your expenses, while the opportunity cost is how you spend your income. The cost is the price you pay for what you get, while the opportunity cost is what you did not get instead.
The statement "The cost is the price you pay for what you get, while the opportunity cost is what you did not get instead" accurately describes the difference between a cost and opportunity cost.
