What is the difference between opportunity …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Smile Arora 4 years, 7 months ago
- 1 answers
Test
Related Questions
Posted by Dipika Sharma 1 year, 6 months ago
- 0 answers
Posted by Rijum Karlo 1 year, 6 months ago
- 0 answers
Posted by Nandita Sharma 1 year, 6 months ago
- 1 answers
Posted by Shruti Singh 1 year, 6 months ago
- 0 answers
Posted by Naman Jain 1 year, 5 months ago
- 1 answers
Posted by Mehar Ansari 1 year, 6 months ago
- 0 answers
Posted by Niyati Garg 1 year, 5 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Sia ? 4 years, 7 months ago
1.Opportunity cost is an economic or financial concept that expresses the relationship between scarcity and choice while marginal cost is an economic or financial concept that represents the cost of producing an additional unit.
2.Marginal cost always has a monetary value while opportunity cost can have a monetary value or not.
3.Opportunity cost includes the value of lost time, output, utility, and the benefits that might have been enjoyed if the other choice is made while marginal cost does not.
4.Marginal costs are visible while opportunity costs are not.
5.Marginal cost is the cost incurred during the production of a unit or item while opportunity cost is the cost incurred during the consumer’s choice of which product to buy or use.
0Thank You