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Anna007 [38]
2 years ago
6

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

English
1 answer:
RideAnS [48]2 years ago
7 0

Answer:

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.

Explanation:

Also can u pls mark me brainliest im new

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