One method for studying opportunity cost is to think in terms of risk and ability. pros and cons. tradeoffs trial and error.
Answers
One method for studying opportunity cost is to think in terms of Risk and benefit.
The explanation of this is that opportunity cost is defined as the value of forgone alternative when choice has been made. That is the cost of the next best alternative after you have let go the other alternative.
We can also say that when an individual makes an economic decision, he must consider the risk which is often the cost and benefits of doing it. Hence, opportunity cost measures the risk or cost of taking up an action against its benefits.
Trade-offs is the right choice for the question.
The only methodology towards studying the opportunistic cost is to relate it completely with the trade-off.
The trade-offs are generally utilized to define and describe all about the opportunity costs.
The trade-off is the most preferred form of alternative among the options given.
Trade off related to making decisions and going through sacrifices so that a product can be obtained.