Question

what is an opportunity cost? explain with the help of an example .​

Answer 1

Answer:

When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.

Answer 2

Answer:

opportunity cost___of a resource, they mean the value of the next-highest-valued alternative use of that resource. If,

for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.

hope i help u