Seudónimo Seudónimo
  • 18-11-2020
  • English
contestada

What is Opportunity cost and provide an example (own words)

Respuesta :

awesomesophia5
awesomesophia5 awesomesophia5
  • 18-11-2020

Answer:

Opportunity cost is the value of the next best thing you give up whenever you make a decision. It is "the loss of potential gain from other alternatives when one alternative is chosen". ... For example, opportunity cost is how much leisure time we give up to work.

Explanation:

hope this helped

Answer Link

Otras preguntas

How does an increased number of producers affect the prices of goods in a market?
Which statement correctly explains the molecular structure of water?
Many colonists left England for colonial North America to
How do I write the sum of two numbers as the product of their GCF and another sum 44+40?
Please help ASAP...A satellite takes 24 hours to complete one orbit whilst travelling at a speed of 12 km/s. at what height above the earth is the satellite orb
What times what equals 25
Many colonists left England for colonial North America to
Who played the most important role in exploring the Americas?
Which Renaissance artist created the fresco The School of Athens for Pope Julius II's private quarters in the Vatican? a. Brunelleschi b. Donatello c. Botticell
In a monarchy, to what degree does the king or queen hold absolute power?