Question: Hi can you answer and explain this question using economic concepts when most people want to know the cost of an item or service, they

Hi can you answer and explain this question using economic concepts

when most people want to know the cost of an item or service, they look for a price tag. When economists want to determine cost, they go one step further. They use the idea of opportunity cost. Explain the concepts of opportunity cost with an example.?

Thank you

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