Answered: The concept of opportunity cost is…

Business

Economics

The concept of opportunity cost is based on the principle of need. demand. consumption. O scarcity.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 3SQ

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Typed and correct answer please. I ll rate

The concept of opportunity cost is based on the principle of
need.
demand.
consumption.
scarcity.

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