Register

Explain the term opportunity cost ​

Explain the term opportunity cost ​
asked 71.6k views
3 votes
Explain the term opportunity cost
​

asked
User Vincenzo Lo Palo
by
8.8k points

1 Answer

3 votes

Answer:

the loss of potential gain from other alternatives when one alternative is chosen.

"idle cash balances represent an opportunity cost in terms of lost interest"

Step-by-step explanation:

answered
User Portenez
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?
What can turn igneous rock into sediment?
What is the best way to describe a stock market?
Link Copied!