Question

डिफाइन द कांसेप्ट ऑफ अपॉर्चुनिटी कॉस्ट ​

Answer 1

Answer:

opportunity cost is the loss of the benefit that could have been enjoyed if the best alternative choice was chosen instead.Directly or indirectly, opportunity cost underpins the majority of day-to-day economic decisions that are made in society. In its most basic equation form, opportunity cost calculations are:

Opportunity Cost = FO (returns on best forgone option) – CO (returns on chosen option)[3]