Introduction to Economics 1 Deneme Sınavı Sorusu #723124

Which one of the followings is defined as the best alternative that consumers give up when they make a choice or a decision?


Total revenue

Opportunity cost

Explicit costs

Marginal revenue

Implicit costs


Yanıt Açıklaması:

Opportunity Cost: The best alternative that we give up when we make a choice or a decision. Therefore, the correct option is B.

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