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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1372376
Introduction to Economics 1 Deneme Sınavı Sorusu #1372376
What is the next best alternative given up, to the out-of-pocket costs or explicit expenses?
What is the next best alternative given up, to the out-of-pocket costs or explicit expenses?
|
Total cost |
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Marginal cost |
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Opportunity cost |
|
Sunk cost |
|
Average cost |
Yanıt Açıklaması:
When economists think of cost, they add the opportunity cost, which is the next best alternative given up, to the out-of-pocket costs or explicit expenses.
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