STATE TWO CONDITIONS UNDER WHICH OPPORTUNITY COST IS ZEROOpportunity cost is the value of the next best alternative foregone when a choice is made. In most real-world situations, opportunity cost is always present because resources are scarce, and choosing one option typically means giving up another. However, there are two main conditions under which opportunity cost can be considered zero:
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Importance of taking farm inventoryIndicator to show what there is or what is lost in the farm
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