Define opportunity cost.
Select the correct answer below:
A. All possible consumption combin...
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Business, 14.07.2020 01:01 Solany6527
Define opportunity cost.
Select the correct answer below:
A. All possible consumption combinations of goods that someone can afford when all income is spent.
B. A cost that is made in the past and cannot be recovered.
C. All possible combinations of consumption that someone can afford given the prices of goods and the individual's income.
D. The measure of cost by what is given up in exchange for what is obtained.
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Answers: 1
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