Write short notes on Opportunity Cost. – InterviewSolution

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1.	Write short notes on Opportunity Cost.
Answer» Opportunity Cost means the benefit sacrificed for selecting a particular course of action. It is the maximum advantage that could be obtained if the resource was put to an alternative use. In other words, the opportunity cost of anything is the next best alternative that could be produced instead by the same factors or by an equivalent group of factors costing the same amount of money.

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