chmzy
Answered

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opportunity cost refers to:

Sagot :

ashiravildor6
When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.
darlenesanchezz28

Answer:

opportunity costs refer to the value of the next-best alternative use of that resource given limited resources.

Explanation:

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