Multiple Choice
The opportunity cost of producing good A is defined to be
A) the money cost of the factors of production used in good A.
B) the retail price of good A.
C) what must be sacrificed of other goods to get an additional unit of good A.
D) the cost of having to get by using something else in place of good A.
E) the cheapest method of producing good A.
Correct Answer:
Verified
Correct Answer:
Verified
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