Answers>Economics>A Level>Article

Explain the meaning of opportunity cost?

The benefits foregone of the next best alternative.

AO

Answered by Alessio O. • Economics tutor

2517 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Explain why the use of petrol and diesel cars may be a source of market failure.

Describe the equilibrium point in the market

Explain the law of supply and demand and why it is important.

Why is the marginal cost curve shaped the way it is?