Question

what are the difference between marginal opportunity cost and total opportunity cost?

Answer 1

all additional costs acquired during production of additional units are marginal cost......
1- opportunity cost is an economic or financial concept that exprecess the relationship between scarcity and choices while marginal cost is a economic or financial concept that represents the cost of producing an additional unit....
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hope it will help u.......

Answer 2

HEYA!!!


HERE IS YOUR ANSWER,


Well the difference between Marginal Opportunity Cost and Total Opportunity Cost is :

→ Marginal relates to the next unit while Total is the sum across all the units.

→ Marginal costs are visible while total opportunity costs are not.

→ Marginal cost always has a monetary value while total opportunity cost can have a monetary value or not.


HOPE IT HELPS YOU,
THANK YOU. ^_^