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The cost of one thing in terms of the alternative given up is called

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The cost of one thing in terms of the alternative given up is called

A).  Real cost

B).  Production cost

C).  Physical cost

D).  Opportunity cost


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Answered by on | Votes -1 |

 Opportunity cost



The cost of one thing in terms of the alternative given up is called Opportunity cost. Opportunity cost is an economics term that refers to the value of what you have to give up in order to choose something else.

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