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what is oppurtunity cost

Answer Posted / nagaraj goud

The cost of an alternative that must be forgone in order to
pursue a certain action. Put another way, the benefits you
could have received by taking an alternative action.

Example: if a gardener decides to grow carrots, his or her
opportunity cost is the alternative crop that might have
been grown instead (potatoes, tomatoes, pumpkins, etc.).

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