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Friday, 12 June 2026
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Which cost concept guides rational decision making?

Which cost concept guides rational decision making?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Historical accounting cost
  • B Total revenue estimate
  • C Fixed overhead expenses
  • D Opportunity cost principle
Correct Answer: Option D
Explanation:
Opportunity cost helps producers compare alternatives and choose the most beneficial option.

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