Faculties and Departments > Business & Entrepreneurship

Opportunity Cost Curve:

(1/1)

Md. Alamgir Hossan:
The sacrifice in the production of the second good is called the "opportunity cost". It is so called, because the opportunity to increase the first good entails the cost of decreasing the second. Opportunity cost is measured in the number of units of the second good that are forgone if an additional unit of the first good is made.

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