Question

what is opportunity cost and what is marginal opportunity cost? plz ....explain

Answer 1

opportunity cost : it refers to cost of best alternative which is consumed on sacrifice of another commodity.
suppose, cost of producing apple is 10 rs per unit and cost of producing oranges is 20rs per unit than opportunity cost is rs 20

MOC : It refers to cost of producing one additional unit of a commodity on loss of another commodity.

Answer 2

Answer:

Opportunity cost is the best alternative forgone.it the an aternative that has been sacrificed in oder to perfom another

Explanation:

oportunity cost is the real price of a product, the price of you watching tv is other things that you would have been doing apart from the tv.so we say the oportunity cost of watching tv is e.g studying writting etc