What is opportunity cost in scenario

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Adalynn Monroe

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12 May, 03:04

What is opportunity cost in scenario

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Kimberly Watts · Answer 1

Opportunity cost is the value of something when a particular course of action is chosen. Simply put, opportunity cost is what you must forgo in order to get something. The benefit or value that was given up can refer to decisions in your personal life, in a company, in the economy, in the environment, or on a governmental level.

Briana Blanchard · Answer 2

Opportunity cost is the value of something when a particular course of action is chosen. Simply put, opportunity cost is what you must forgo in order to get something. The benefit or value that was given up can refer to decisions in your personal life, in a company, in the economy, in the environment, or on a governmental level.