Comprehensive Resources for Agriculture: Topical Questions, Past Papers, and Answers
Atika School
STATE TWO CONDITIONS UNDER WHICH OPPORTUNITY COST IS ZEROOpportunity cost is the value of the next best alternative foregone when a choice is made. In most real-world situations, opportunity cost is always present because resources are scarce, and choosing one option typically means giving up another. However, there are two main conditions under which opportunity cost can be considered zero:
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