2 years ago

Opportunity cost is the __________.

Social Studies

2 answers:

melamori03 [73]2 years ago

7 0

The answer is 1 I think because opportunity cost is giving up one thing for another as far as I know

Sav [38]2 years ago

5 0

Answer:

Option 1.

Explanation:

Option 1) cost of the best alternative use of money, time, or resources when one choice is made rather than another, is the correct answer.

This answer is right because opportunity cost refers to the cost of next best alternative which have forgone. For example, if a person has to forgive one kilogram of apple to buy 1 dozen of banana then the opportunity cost of buying 1 dozen banana is 1 kg apple. Thus the option one is correct answer. Type a message

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