Question

difference between marginal opportunity cost and opportunity cost

Answer 1

it is one of the key differences between accounting and economic costs. ... 4.Marginal costs are visible while opportunity costs are not. 5.Marginal cost is the cost incurred during the production of a unit or item while opportunity cost is the cost incurred during the consumer's choice of which product to buy or use.

Answer 2

Answer:

Explanation:

1. OC( Opportunity Cost) is the cost of next best alternative foregone.

2. MOC(Marginal Opportunity Cost) is the number of units of a commodity sacrificed to gain one more unit of another commodity.

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