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| 1. |
Examples of opportunity cost? |
| Answer» Opportunity cost is the cost of next best alternative...For eg- If a person working for 50000per month got two job offers ... one for the 40000 per month and other 37000 per month.... Soo his opportunity cost will be 40000 per month....<br>Opportunity cost is the next best of alternative forgone<br>Example for purchasing the new scooty we sacrify the new cloth for party.<br>For selection of an opportunity the sacrify the next best goods alternative use is opportunity . | |