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_____is the term that describes the cost of one product in terms of forgone ...
Classroom
Economics Classroom
Post Utme
Post Utme 0
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_____is the term that describes the cost of one product in terms of forgone production/acquisition of others.
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Marginal cost
B
Production/acquisition cost
C
Optimum cost
D
Opportunity cost
E
Implicit cost
Show Answer
Show Explanation
Correct Answer:
Option D
Explanation:
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