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Opportunity cost is best defined as?
Question 1
Report
Opportunity cost is best defined as?
the penalty for not seizing golden opportunities
sacrificed alternative (output, income etc.)
the cost of creating job opportunities
payment made to an industrial worker
the difference between fixed and variable costs
Answer Details
Read lesson note on Methods And Tools Of Economic Analysis (JAMB)
Read lesson note on Economics As A Science (JAMB)
Methods And Tools Of Economic Analysis
Economics As A Science
View Answer