Register
Explain the concept of scarcity, choice and opportunity cost​
14.1k views
1 vote
Explain the concept of scarcity, choice and opportunity cost​

User Nidabdella
by
8.2k points

1 Answer

5 votes

Answer:

The opportunity cost of any choice is the value of the best alternative that had to be forgone in making that choice.

User Empty
by
8.5k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Link Copied!