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What is opportunity cost?

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What is opportunity cost?
  • 3 answers

Nitin Jha 7 years, 6 months ago

Mr. Ajay he will get only 10,000$ of opportunity cost..... ?

Sakshi Sharma ??️??️??️ 7 years, 6 months ago

It the cost of next best alternative foregone.

Aahan Sharma 7 years, 6 months ago

It refers to the value of next best  activity  which has to forego. 

A teacher gets 50,000, if he leaves job and do tuition work and gets 60000, so his opportunity cost  is 50000 ie teaching job as he go with  best and next best  is opportunity cost.

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