Question

what is opportunity cost?​

Answer 1

Answer:

$\huge\bold\red\bigstar{Answer}$

DescriptionWhen an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen."

Answer 2

Answer:

ʜᴇy ᴍᴀᴛᴇꜱ

ʜᴇʀᴇ ɪꜱ yᴏᴜʀ ᴀɴꜱᴡᴇʀ

DescriptionWhen an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen."

ɪ ʜᴏᴩᴇ ᴛʜɪꜱ ᴀɴꜱᴡᴇʀ ʜᴇʟᴩ yᴏᴜ