Quick help with macronconmic

Economics
Tutor: None Selected Time limit: 1 Day

give an explanation as well as a personal example of the opportunity cost.

Jul 12th, 2015

Thank you for the opportunity to help you with your question!

Opportunity cost refers to the loss of one choice when another is made. If someone has one dollar and has two items to spend it on, both of which cost a dollar, the opportunity cost is the item that cannot be purchased when the sole dollar is used to buy the other item.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 12th, 2015

Could please answer other question only have 30 minutes

Jul 12th, 2015

Could please answer other question only have 30 minutes

Jul 12th, 2015

Could please answer other question only have 30 minutes

Jul 12th, 2015

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