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Which of the following best describes the concept of opportunity cost? A. a special bargain...

Which of the following best describes the concept of opportunity cost?

A.
a special bargain or scale at below market price

B.
Cost of input tends to go up as we use more of them

C.
Goods that are not produced in order to produce more of another good

D.
A cost that constantly decreases.what is the answer and why?
3 Answers Available
Asked by ifeanyi on 7th July, 2020
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
JAMB CBT Mobile App 2024 - Free Download
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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