The principle of opportunity cost is thata in a market, Ask an Expert

Economics

The principle of opportunity cost is that

A. in a market economy, taking advantage of profitable opportunities involves some money cost.

B. taking advantage of investment opportunities involves costs.

C. the cost of production varies depending on the opportunity for technological application.

D. the economic cost of using a factor of production is the alternative use of that factor that is given up.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91368294

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