Question

difference between marginal opportunity and cost opportunity​

Answer 1

Answer:

Opportunity cost is an economic or financial concept that expresses the relationship between scarcity and choice while marginal cost is an economic or financial concept that represents the cost of producing an additional unit.

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Answer 2

Answer:

The term marginal cost refers to the opportunity cost associated with producing one more additional unit of a good. Opportunity cost is a critical concept to economics - it refers to the value of the highest value alternative opportunity.