Question

why does every choice involve an oppurtunity cost?

Answer 1

People choose because resources are limited and insufficient to achieve all of their goals; people cant have everything they want. Every economic decision involves a cost. There is no such choice as a free choice. Opportunity cost is subjective and can only be identified by the decision maker.

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alisa202

Answer 2

As Einstein once said: " For every action there is an equal and opposite reaction!"