The cost of one thing in terms of the alternative given up is called:

M

Mr. Dubey

🎓 Coach ⭐ 103.11K Points

📊 Principles of Economics and Management

Q. The cost of one thing in terms of the alternative given up is called:

(A) Real cost
(B) Production cost
(C) Physical cost
(D) Opportunity cost

💬 Discuss

✅ Correct Answer: (D) Opportunity cost

You must be Logged in to update hint/solution

💬 Discussion

📊 Question Analytics

👁️

767

Total Visits

📽️

2 y ago

Published

🎖️

Mr. Dubey

Publisher

📈

85%

Success Rate