What is opportunity cost

Highest valued option forgone.

ML
Answered by Max L. Economics tutor

2029 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Why would an increase in demand for a good cause an increase in price for a good?


Define the term PPF and illustrate it.


Explain why the demand for food has an inelastic PeD.


How is the market equilibrium determined?


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