101k views
3 votes
HELP ME PLZZ, ASAP!!

What is opportunity cost?

User Ferdil
by
8.0k points

2 Answers

3 votes

Answer:

Look below

Step-by-step explanation:

Opportunity cost is when you lost an opportunity/chance to benefit from something because you took the wrong alternative/choice resulting in a loss of benefit.

User Ben Foster
by
7.9k points
3 votes

Answer:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. The idea of opportunity costs is a major concept in economics.

User Igor Khvostenkov
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.