मराठी

Opportunity cost of a good is ______. - Economics

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प्रश्न

Opportunity cost of a good is ______.

पर्याय

  • anticipated cost

  • real cost

  • next best alternative good that could be produced with given resources

  • accounting cost

MCQ
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उत्तर

Opportunity cost of a good is next best alternative good that could be produced with given resources.

Explanation:

The value of the next best option that is given up when making a decision is known as the opportunity cost. It stands for the advantages you would have gained from choosing a different course of action.

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पाठ 8: Cost and Revenue Analysis - TEST YOURSELF QUESTIONS [पृष्ठ १५९]

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फ्रँक Economics [English] Class 12 ISC
पाठ 8 Cost and Revenue Analysis
TEST YOURSELF QUESTIONS | Q 2. | पृष्ठ १५९
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