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The Opportunity Cost of Producing Good a Is Defined to Be

Question 32

Multiple Choice

The opportunity cost of producing good A is defined to be


A) the cost of having to get by using something else in place of good A.
B) the money cost of the factors of production used in good A.
C) what must be sacrificed of other goods to get an additional unit of good A.
D) the cheapest method of producing good A.
E) the retail price of good A.

Correct Answer:

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