An opportunity cost usually has to do with the foregone alternatives to an item or purchase and for example, if a person buys a PS5 instead of paying for his medical insurance, this is a high cost.
What is Opportunity Cost?
This refers to the foregone alternative that a person makes when he wants to purchase an item and makes a reference to his scale of preference.
Hence, opportunity cost can be high if the foregone alternative to an item is one that is detrimental to the long term well being of the person.
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https://brainly.com/question/1549591
