The opportunity cost principle states that the true cost of something is the least desired alternative you have to give up to get it. economic surplus you receive from getting it. economic surplus you give up to get it. next best alternative you have to give up to get it.

The opportunity cost principle states that the true cost of something is the least desired alternative you have to give up to get it. economic surplus you receive from getting it. economic surplus you give up to get it. next best alternative you have to give up to get it.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 18SQ

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Question

The opportunity cost principle states that the true cost of something is the
least desired alternative you have to give up to get it.
economic surplus you receive from getting it.
economic surplus you give up to get it.
next best alternative you have to give up to get it.

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