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What do economists mean by opportunity cost

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Reference no: EM131675163

1. Opportunity Costs

What do economists mean by "opportunity cost?" What are your opportunity costs in taking this course?

2. Demand v. Quantity Demanded

What is the difference between a decline in the quantity demanded and a decline in demand? Given an example of something for which your demand has fallen. Is it an example of a decline in the quantity you demand or a decline in your demand?

Reference no: EM131675163

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What do economists mean by opportunity cost : What do economists mean by "opportunity cost?" What are your opportunity costs in taking this course?
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