Meaning Opputunity Cost

Meaning opputunity cost

Answer:

In microeconomic theory, the opportunity cost, or alternative cost, of making a particular choice is the value of the most valuable choice out of those that were not taken. In other words, opportunity that will require sacrifices.

Explanation:


Comments

Popular posts from this blog

What Are The Characteristics Of A Myth? (No Need For Explanation, I Just Need A List)

2.The Second Term Of An Arithmetic Sequence Is 24 And The Fifth Term Is 3.Find The First Term And The Common Differnce