Economy, asked by rahulrahulkum7710, 1 year ago

The fact that samira may miss out on a scholarship opportunity by staying on the freshmen team illustrates

Answers

Answered by maryamkincsem
3

This scenario described above is basically an example of opportunity cost.

When there are two choices. In order to achieve one choice you have to forgo the other one, that is described as opportunity cost.

Opportunity cost:

It may be described as the next best alternative forgone.

- The fact that

Option A: "samira may miss out on a scholarship" opportunity by

Option B: "staying on the freshmen team" illustrates

This shows how one the factor of choice present showcases the concept of opportunity cost.


Thanks for asking this question. I hope its helpful for you.

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