What is opportunity cost

Highest valued option forgone.

ML
Answered by Max L. Economics tutor

1894 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Explain one possible effect on the equilibrium market price of an increase in production costs for firms. (2 marks)


Which one of the following is the most likely consequence of an increase in the division of labour in the production of smartphones?


What is the price elasticity of demand ?


Explain one externality that could come about as a result of a factory producing clothes.


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:

© 2025 by IXL Learning