Register
What is opportunity cost
4.3k views
2 votes
What is opportunity cost

User JoanComasFdz
by
7.1k points

2 Answers

5 votes

Opportunity cost is the alternative we give up when we choose one option over the other.

User Akshay Seth
by
6.7k points
0 votes
the loss of potential gain from other alternatives when one alternative is chosen.
User Paras Arora
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.3m questions

10.9m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!