Answered

One method for studying opportunity cost is to think in terms of

A. risk and ability.
B. pros and cons.
C. trade-offs.
D. trial and error.



Answer :

GinnyAnswer

Final answer:

Understanding Opportunity Cost in Economics


Explanation:

Opportunity cost is the value of the next best alternative that is foregone when a decision is made. It is crucial in economics as it helps in assessing the true cost of choices and decisions. When considering opportunity cost, one must think about what they are giving up in order to pursue a certain course of action.


Learn more about Opportunity Cost here:

https://brainly.com/question/37051624


Other Questions