Reading for an hour means giving up fishing
(Source: http://www.nvcc.edu)
Opportunity cost is the sacrifices made (in terms of pleasure sacrificed from doing next best alternative action) by taking up the first best choice.
Richa Shukla
(Globsyn Business School)
2 comments:
well thats a very good & easy example of opportunity cost...
Thanks ! Richa Mam , there is no other example for Opportunity Cost then this .
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