Opportunity cost exists because of
OA. scarcity.
OB. greed.
OC. self-interest.
OD. poverty.

Question

10-06-2024
Social Studies

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Opportunity cost exists because of
OA. scarcity.
OB. greed.
OC. self-interest.
OD. poverty.

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-10T23:51:22-04:00

Final answer:

Opportunity cost is the value of the best alternative forgone due to scarcity in resources.

Explanation:

Opportunity cost is the value of the best alternative forgone in making any choice, and it exists due to scarcity in resources. When resources are limited, individuals, firms, and societies must make decisions that involve trade-offs and considering opportunity costs.

Learn more about opportunity cost and scarcity here:

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Sagot :

Final answer:

Explanation:

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