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Real cost is

Real cost is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Alternative commodities forgone
  • B Amount of money spent on goods and services
  • C Cost of goods and services
  • D True cost
Correct Answer: Option C
Explanation:
Real cost is the cost of producing a good or service, including the cost of all resources used and the cost of not employing those resources in alternative uses.

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