What is the opportunity cost of a good?

The quantity of other goods sacrificed to get another unit of that good.

GW
Answered by George W. Economics tutor

5842 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Evaluate the view that a depreciation of a nations currency, will always be a benefit to it's economy.


Using Angola as an example, evaluate the view that MNCs play a positive role in the development of LEDCs. (25 marks)


Explain reasons why a firm would want to merge with another firm in the same industry.


The price of a banana has increased from £0.10 to £0.20. As a result quantity demanded of apples increased from 2.4 million units to 3.6 million units. Calculate the cross price elasticity of demand and interpret the value..


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning