The concept of opportunity cost is also referred to as *1 pointA. social costB. real costC. fixed costD. variable cost .

Question

The concept of opportunity cost is also referred to as *1 pointA. social costB. real costC. fixed costD. variable cost .
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The concept of opportunity cost is also referred to as *1 point A. social cost B. real cost C. fixed cost D. variable cost.

To determine the correct answer, we need to understand the concept of opportunity cost. Opportunity cost refers to the value of the next best alternative that is forgone when Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

The concept of opportunity cost is also referred to as *1 pointA. social costB. real costC. fixed costD. variable cost .

____ are also known as direct costs A. average variable costs B. average fixed costs C. variable costs D. total fixed costsReset Selection

Fill in the Blank QuestionFill in the blank question. cost equals total fixed cost plus total variable cost

In a short run, fixed cost remain constant, but variable cost change with changes in total product.TrueFalse

Whether a cost is fixed or variable with respect to a particular activity is also affected by the length of time A. True B. False

1/3