Economy, asked by arshifaali8391, 6 months ago

what is oppurtunity cost

Answers

Answered by londhejayshree15
3

Explanation:

the loss of other alternatives when one alternative is chosen.

Answered by ANISHNATH
1

Answer:

When 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."

Explanation:

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