Economy, asked by filus139, 3 months ago

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

Answered by clearall
7

Answer:

so valuable even its free Its the key to succed

Answered by Anonymous
0

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.

Hope it helps you!!!:)

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