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what is meant by oppourtunity cost. write its assumptions also?

1) The meaning of opportunity cost is already covered in our study material. Follow the given link and scroll down to the topic 'Opportunity cost/economic cost' to view the same.

https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/introduction/338_1980_5801#slide1_Central Problems of an Economy and the Concept of Production Possibility Frontier

2) I think you might be asking about assumptions of PPC. Follow the given link and scroll down to the topic 'Assumptions of PPC' to view the same.

https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/introduction/338_1980_5801#slide1_Central Problems of an Economy and the Concept of Production Possibility Frontier
 

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Opportunity cost-It is the cost of the next best alternative forgone
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Opportunity Cost
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.

 
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Opportunity cost is the cost of availing one opportunity in terms of the loss of the other opportunity.
OR
Opportunity cost is the value of a factor in its next best alternative use.
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