What is opportunity cost

Highest valued option forgone.

Answered by Max L. Economics tutor

1479 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

How would an increase in interest rates impact aggregate demand


Give the definition of an externality and explain why it is a market failure?


Describe how tariff could reduce imports.


Explain one benefit of international trade for UK consumers.


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2024

Terms & Conditions|Privacy Policy
Cookie Preferences