Question

what is marginal opportunity cost

Answer 1

Marginal opportunity cost is an economic term that analyzes the effect of producing additional units of a product on the costs of a business, as well as the opportunities the companies give up to produce more of a product. It sounds complicated, but let's break it down to understandable terms.

Answer 2

Marginal opportunity cost is an economic term that analyzes the effect of producing additional units of a product on the costs of a business, as well as the opportunities the companies give up to produce more of a product. It sounds complicated, but let's break it down to understandable terms.