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Opportunity cost in the:A. Number of units sacrificedB. Number of units gainedC. Cost of next best alternative foregoneD. None of these. |
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Answer» Correct Answer - C C. A benefit, profit, or value of something that must be given up to acquire or achieve something else. Since every resource (land, money, time, etc.) can be put to alternative uses, every action, choice, or decision has an associated opportunity cost. |
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