Define Opportunity Cost.
The contribution to income that is forgone (rejected) by not using a limited resource in its next-best alternative use.
Define Opportunity Cost.
The contribution to income that is forgone (rejected) by not using a limited resource in its next-best alternative use.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.