Respuesta :

Answer:

Opportunity cost is the next best alternative forgone.

Explanation:

Opportunity cost may involve big as well as small decision. The link of opportunity cost is with scarce resources. Therefore, we have to make choice.

For eg. in daily life too, we sacrifice some choices that become our opportunity cost. such as if we have to buy chicken but due to limited fund we buy vegetable then chicken become our opportunity cost.

Martebi

The examples of some opportunity costs of small, daily purchases is a student who spends one hours and $5 at the movies the night before an exam, another is leaving eating bread today for cornflakes.

How is opportunity cost seen in everyday life?

Opportunity cost is known to be the amount of the next-best alternative when a person have made a decision; it is seen as that which is given up.

Humans do give up Costs That are said to be Seen and Unseen.

Learn more about opportunity costs  from

https://brainly.com/question/481029

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