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

What is opportunity cost?

asked
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.

answered
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.

answered
User Igor Khvostenkov
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.