Q. The opportunity cost of a factor of production is

  • (A) what it earns in its present use.
  • (B) what it can earn in the long period.
  • (C) what it can earn in some other use.
  • (D) the cost of production.
✅ Correct Answer: (C) what it can earn in some other use.

Published by Gopal Sharma ⭐ 38.32K Points at 27-Sep-2020 02:57 am in Economic

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