MCQOPTIONS
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| 1. |
Opportunity cost of production of a commodity is : |
| A. | The cost that the firm could have incurred when a different technique was adopted. |
| B. | The cost that the firm could have incurred under a different method of production |
| C. | The actual cost incurred |
| D. | The next best alternative output sacrificed |
| Answer» E. | |