marc3841 marc3841

15-09-2022
Business

contestada

If I have a choice to buy a sweater and a new pair of pants and I choose the sweater, my opportunity cost is

Respuesta :

andrew1392410 andrew1392410

15-09-2022

Answer:

The new pair of pants

Explanation:

Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up. Hence, you gave up the option to buy the pair of pants in favor of buying the sweater.

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