The difference between the money cost and the real cost of any item is that

a

real cost is the alternative forgone while the money cost is the actual amount paid for buying the item

b

the real cost is the opportunity cost, while the money cost is the marginal cost

c

money cost is the opportunity cost, while the real cost is the actual cost in monetary terms

d

money cost is always greater than the real cost

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Correct Option
a

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