madisonr11103 madisonr11103

06-04-2021
Business

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what's an opportunity cost?

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serenitysmothers serenitysmothers

06-04-2021

Answer:

opportunity cost is the loss or the benefit that could have been enjoyed if the best alternative choice was chosen. As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure efficient use of scarce resources.

Explanation:

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