Question

Define marginal opportunity cost
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Answer 1

Explanation:

Marginal opportunity cost is an economic term that analyzes the effect of producing additional units of a product on the costs of a business, as well as the opportunities the companies give up to produce more of a product. It sounds complicated, but let's break it down to understandable terms.

Answer 2

Answer:

marginal opportunity cost is designed to explain concrete terms but it will cost business to produce one unit of its product. in addition to the obvious material cost of producing more of a product and marginal opportunity cost attempt to identify the complete cost of each additional unit from raw materials to increased labour costs to other variables calculating the marginal opportunity cost can help a business makes financially that decisions.