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Friday, 12 June 2026
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Which concept measures sacrifice of next alternative?

Which concept measures sacrifice of next alternative?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Opportunity cost concept
  • B Marginal revenue principle
  • C Accounting profit system
  • D Fixed cost analysis
Correct Answer: Option A
Explanation:
Opportunity cost highlights the value of alternatives given up when choices are made.

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