Opportunity costis the benefit that was forfeited because aspecific alternativewasn't chosen.To accuratelycalculateopportunitycosts, it is vital tobalancethebenefitsand drawbacks of each option.How important is an opportunity cost in economics?Out of all the optionsaccessible, we can choose the best one thanks to the concept ofopportunitycost.Maximizingeconomicgains helps us to utilize allavailable resourcesas effectively as possible.For more information aboutOpportunity, costsrefer to the link:brainly.com/question/13036997#SPJ5...

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