Register

What is the difference between price, cost and opportunity cost in economics

What is the difference between price, cost and opportunity cost in economics
223k views
3 votes
What is the difference between price, cost and opportunity cost in economics

User Sami Haroon
by
8.8k points

1 Answer

1 vote
Price is amount expected for product, cost is estimated price, opportunity cost is loss of potential gain from alternatives.
User Mezbaul
by
8.1k 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

Categories

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
Link Copied!