Question

Explain oppertunity cost with the help of ppc

Answer 1

Answer:

Answer:PPC is a model used to demonstrate opportunity cost as it diagrams various combinations of goods or services an economy can produce when all productive resources are employed. PPF is a line on the production possibility curve that show the maximum possible output an economy can produce.

Answer 2

Explanation:

When an option is chosen for alternatives the opportunity cost is the cost in a covered by not enjoying the benefits associated with the best alternative choice .The New Oxford American dictionary defines it as " the loss of potential gain from other alternatives when one alternative is chosen"

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