Economy, asked by baghelrenu610, 4 months ago

_____ is the cost of next best alernative foregine

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Answered by Anonymous

11

Answer:

Opportunity cost is the value of the best opportunity forgone in a particular choice. It is not simply the amount spent on that choice. The concepts of scarcity, choice, and opportunity cost are at the heart of economics. A good is scarce if the choice of one alternative requires that another be given up.

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