Economy, asked by Tawfiqh, 8 hours ago

Best answer for opportunity cost​

Answers

Answered by sah47392
0

Answer:

Opportunity cost is the forgone benefit that would have been derived by an option not chosen.

Answered by gauravipatil
2

Answer:

When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.

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