I'm wondering if opportunity cost can ever be zero. Is it possible to have a situation where making a choice doesn't result in any loss of potential benefits from alternative options?
6 answers
Emanuele
Thu Jan 16 2025
When resources are abundant, the opportunity cost is zero.
noah_smith_researcher
Thu Jan 16 2025
This implies that individuals incur minimal expenses while pursuing their desires.
BonsaiGrace
Thu Jan 16 2025
The concept of opportunity cost arises due to scarcity.
Lucia
Wed Jan 15 2025
Scarcity forces individuals to make decisions about resource allocation.
JejuJoyfulHeartSoulMate
Wed Jan 15 2025
These decisions are aimed at maximizing returns.