The real cost of a commodity is
ECONOMICS
WAEC 1993
The real cost of a commodity is
- A. the cost of the alternative that has to be sacrificed for it
- B. the alternative that has to be forgone in order to purchase it
- C. its market price
- D. the alternative cost involved when the opportunity of buying the commodity is missed
Correct Answer: B. the alternative that has to be forgone in order to purchase it
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