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What is meant by opportunity cost? How are the opportunity costs of various choices compared?

JohnPope

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What is meant by opportunity cost? How are the opportunity costs of various choices compared?

a. What is meant by opportunity cost? How are the opportunity costs of various choices compared?
b. What is the opportunity cost of taking a year after graduating from high school and backpacking across Europe? Are people who do so being irrational?

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JohnPope Author

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7 years ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

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This helped my grade so much Perfect

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Thank you, thank you, thank you!

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