anglegirl7938 anglegirl7938

08-10-2017
Business

contestada

Opportunity cost refers to how many inputs a producer requires to produce a good.
a. True
b. False

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CheeseAndCracker CheeseAndCracker

08-10-2017

False, opportunity cost is what you have to give up in order to obtain a good.
Example:
You have 30 minutes to either read a book or nap. You choose to read a book. You're opportunity cost is the 30 minutes you could have spent sleeping.

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