What is opportunity cost in simple words?
I want to understand the concept of opportunity cost, but I need it to be explained in simple and easy-to-understand words.
Is opportunity cost a good or bad thing?
I'm trying to understand whether opportunity cost is considered a positive or negative aspect in economic decisions. I want to know if it's seen as a beneficial factor or a detrimental one.
What is the opposite of the opportunity cost?
I'm trying to understand the concept of opportunity cost and its opposite. Specifically, I want to know what term or concept represents the opposite of opportunity cost in economic decisions.
Which is the most correct answer that defines opportunity cost?
I am trying to understand the concept of opportunity cost. I want to know which answer among several options most accurately defines this economic term.
Why is opportunity cost a problem?
I'm trying to understand why opportunity cost is considered a problem. It seems like whenever we make a choice, we're also giving up something else, so why is this a big deal?