Asked by Kwama Kenyatta on May 20, 2024
Verified
What is the opportunity cost of going from point D to point C?
Opportunity Cost
Opportunity cost is the cost of foregoing the next best alternative when making a decision, representing the benefits that could have been gained by choosing the alternative option.
- Figure out and clarify the opportunity cost in a range of economic circumstances.
Verified Answer
SC
Learning Objectives
- Figure out and clarify the opportunity cost in a range of economic circumstances.