Question

What is oportunity cost?

Answer 1

Answer:

Explanation:

Opportunity cost is the estimated return of investments you don't make compared to the expected return of investments you do make. It's an important factor to consider when allocating time or resources to any type of project (essentially, "would my time or money be better spent elsewhere?")

Answer 2

Answer:

Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another. While financial reports do not show opportunity cost, business owners can use it to make educated decisions when they have multiple options before them.