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a)Opportunity cost refers to the return forgone / the value of the best forgone alternative when the resource factor is taken from its best alternative.
b)Conditions under which opportunity cost is at zero
- When item is free/donation,
- When there is no alternative
- When it is a gift.
marto answered the question on September 25, 2019 at 05:15
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Date posted: September 13, 2019. Answers (1)
- a)
A farmer has 30 hectares of arable land,20 hectares of which is planted with maize and 10 hectares with grass hay. He wishes to...(Solved)
a)
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