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Explain opportunity cost.

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Explain opportunity cost.

    • Posted by Shantika Gond 7 years, 4 months ago

    CBSE > Class 12 > Economics
    • 3 answers

    Gourav Kumar 7 years, 4 months ago

    It is the cost of next best alternative foregone. For examlpe if your income is $13. You want to eat biscuit you have two option 1st "Good Day" (10$) and 2nd is "patanjali" 12$ than your opportuinty is Good Day biscuit.

    1Thank You

    Samyak Kankariya 7 years, 4 months ago

    It is the cost of next best alternative

    1Thank You

    Samyak Kankariya 7 years, 4 months ago

    It is

    1Thank You

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