Economist speak about 'opportunity cost' when a person

Question 1 Report

Economist speak about 'opportunity cost' when a person

has the opporunity to attain a high degree of cost minimization

has to forego one thing in order to have another

can equate his fixed costs with his variable costs

is able to run his business without much expenditure

has to maximize utility in order to maintain a high standard of living

Factors Of Production

The Theory Of Demand

View Answer

Download The App On Google Playstore

Everything you need to excel in JAMB, WAEC & NECO

Green Bridge CBT Mobile App

Personalized AI Learning Chat Assistant

Thousands of JAMB, WAEC & NECO Past Questions

Over 1200 Lesson Notes

Offline Support - Learn Anytime, Anywhere

Green Bridge Timetable

Literature Summaries & Potential Questions

Track Your Performance & Progress

In-depth Explanations for Comprehensive Learning