History, 22.01.2020 20:31 paulandigi

Which of these best describes an opportunity cost?
a win-win
a loss
a chance
a trade-off

Answers: 3

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Answer from: sukhmanksidhu

: Among all the given options trade-off best describes an opportunity cost?

: Opportunity cost depends on the choice of the person. Opportunity cost comes when a persons chooses one option among several options and he sacrifice his profit. The cost which the person sacrifice or couldn’t enjoyed as his profit is known as opportunity cost. Opportunity cost is also known as alternative cost. Opportunity cost has a very critical and important role in economics theory.

Opportunity cost can be simply calculated just by differentiating between the expected benefits from all the given options or options available. In economics it is very important to make wise decisions and for that trading off products against one another is very important. Trade off is often used in the opportunity cost as a term. When a sacrifice is made to a product or facility then it is involved in trade-off.

Answer from: leannehounschell

: Among all the given options trade-off best describes an opportunity cost?

Answer from: maggie2018

c. A trade-off

hope this helps! :)

Answer from: appattuvilai1234

c. A trade-off

hope this helps! :)

Answer from: Quest

Yeah i’ll call ya later i don’t have any money to go out there

Answer from: Quest

the answer is true. i hope this .

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Which of these best describes an opportunity cost?
a win-win
a loss
a chance