Economics (UI) Discuss

Opportunity cost is a term which describes

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Economics (UI) in CBT Mode

7.
Opportunity cost is a term which describes
A.
initial cost of setting up a business venture
B.
a study of the ways man devices to satisfy his unlimited wants from limited resources
C.
cost of one product in terms of forgone production of others
D.
the mandatory equivalent of the utility of a commodity
E.
cost related to an optimum level of production
Explanation.

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