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

asked
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.
answered
User Mezbaul
by
8.1k points
← Prev Question Next Question →

No related questions found

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

Categories

Other Questions

Who was Adam Smith ? Anybody?
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 ?
Link Copied!