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Examples of opportunity cost? |
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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.... Opportunity cost is the next best of alternative forgone Example for purchasing the new scooty we sacrify the new cloth for party. For selection of an opportunity the sacrify the next best goods alternative use is opportunity . |
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