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what is oppurtunity cost

Answer Posted / jj

Opportunity cost is the next best alternative forgone for
receiving another benefits...
eg: if u own a car.....
U have two options
1-Use for your own use
2-Rent it to some others
If u use ur car for rental purpose u will get rent....
But if u use it for ur own purpose the amount that u loose
as for rental is ur opportunity cost........

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