What is Opportunity cost and provide an example (own words)

English

1 answer:

Colt1911 [192]3 years ago

6 0

Answer:

Opportunity cost is the value of the next best thing you give up whenever you make a decision. It is "the loss of potential gain from other alternatives when one alternative is chosen". ... For example, opportunity cost is how much leisure time we give up to work.

Explanation:

hope this helped

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