Business Studies, asked by ramilssalazar, 7 months ago

1. Define opportunity cost and give an example of how opportunity
costs might affect your financial decision making.

Answers

Answered by ashkbab

Answer:

hye..

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Explanation:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. The idea of opportunity costs is a major concept in economics. Because by definition they are unseen, opportunity costs can be easily overlooked if one is not careful.

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Answered by vlonecrexk

Answer:

opportunity costs represents capital that is spent rather than saved

Explanation:

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1. Define opportunity cost and give an example of how opportunitycosts might affect your financial decision making.​

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1. Define opportunity cost and give an example of how opportunity
costs might affect your financial decision making.