Question 1

........... is the term that describes the cost of one product in terms of forgone production/acquisition of others.

  • A.Marginal cost
  • B.Production/acquisition cost
  • C.Optimum cost
  • D.Opportunity cost
  • E.Implicit cost
Objective

Question details

Exam body
UI
Subject
Economics
Year
2014/2015
Question no.
#1
Type
Objective

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