Forum: Week 2 – Opportunity Cost
Forum: Week 2 – Opportunity Cost Opportunity cost is defined as “the amount of other products that must be foregone or sacrificed to produce a unit of a product.” Another way to look at it is the value of the…
Forum: Week 2 – Opportunity Cost Opportunity cost is defined as “the amount of other products that must be foregone or sacrificed to produce a unit of a product.” Another way to look at it is the value of the…