Business Studies, asked by vedika2340, 1 year ago

What is an opportunity cost ? (A) The alternative foregon (B) The opportunity lost

Answers

Answered by Anonymous
2

When an option is chosen from two mutually exclusive alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen."

Answered by Anonymous
0

Hola mate

Option b is correct

Similar questions