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DiKsa [7]
3 years ago
5

Opportunity cost refers to:

History
2 answers:
Reika [66]3 years ago
6 0

Answer:

opportunity costs refer to the value of the next-best alternative use of that resource given limited resources.

Explanation:

Naddik [55]3 years ago
3 0
When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.
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