Economy, asked by pramodshinde032, 11 months ago

what is opportunity cost?

Answers

Answered by ayan9997

2

opportunity cost refers to the benefit that a person could have received but give to take another course of action

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Answered by Anonymous

8

Explanation:

opportunity cost

nounECONOMICS

the loss of other alternatives when one alternative is chosen.

"idle cash balances represent an opportunity cost in terms of lost interest"

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