Economist speaks about ‘opportunity cost’ when a consumer
ECONOMICS
WAEC 2002
Economist speaks about ‘opportunity cost’ when a consumer
- A. he has the change to minimize cost
- B. has to forgo one thing in order to have another
- C. can equate his fix costs with his variable costs
- D. is able to save part of his income
Correct Answer: B. has to forgo one thing in order to have another
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