234k views
23 votes
The opportunity cost of an item is?​

1 Answer

4 votes

Answer:

The idea behind opportunity cost is that the cost of one item is the lost opportunity to do or consume something else; in short, opportunity cost is the value of the next best alternative. Click to see full answer Herein, what is opportunity cost give example? Opportunity cost is the profit lost when one alternative is selected over another.

Step-by-step explanation:

User Rollstuhlfahrer
by
6.7k points