Opportunity costs are

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Opportunity cost is a benefit, profit, or value of something that must be given up to acquire or achieve something else.

Expert answered|jeifunk|Points 62207|

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Asked 12/14/2015 8:46:32 AM

Updated 12/14/2015 9:13:24 AM

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Edited by yumdrea [12/14/2015 9:13:22 AM], Confirmed by yumdrea [12/14/2015 9:13:24 AM]

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Opportunity costs are

Weegy: In microeconomic theory, the opportunity cost of a choice is the value of the best alternative foregone, where a choice needs to be made between several mutually exclusive alternatives given limited resources. (More)

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Updated 12/14/2015 9:22:08 AM

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