The maximum amount a consumer will pay for using a product. An opportunity cost is best described as. Pin By Raisa On Economics Economics Notes Concept Of Economics Economics Solved Relevant costs are best described as Select one. . Future costs that differ between competing decision alternatives. The idea that people have unlimited wants and limited resources. Ob the value of the next best alternative. An opportunity cost is best described as. Alex and Dylan mow and trim lawns. An opportunity cost may be described as a the correct measure of cost. The possible opportunities lost when making an economic decision D. The opportunity cost is defined as alternative cost - costs measured in output of products and services forgoneIt cant be defined as variable cost. Opportunity cost is best described as the. In simple terms opportunity cost is the benefit not received as a result of not selectin...
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