What is the opportunity cost formula?

Opportunity Cost = What One Sacrifice / What One Gain, Opportunity Cost = Total Revenue – Economic Profit. These are the formulas for opportunity cost. You can read about the Indian Economy Notes For UPSC Preparation in the given link.

Further readings:

  1. Bad Banks – Idea Proposed Due to COVID-19
  2. Cashless Economy in India – UPSC GS-III Notes

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