charityhenson123 charityhenson123
  • 14-07-2022
  • Social Studies
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Opportunity cost is the amount of one thing you must give up in order to get more of another thing

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Parrain
Parrain Parrain
  • 14-07-2022

The definition of opportunity cost as the amount given up of one thing to get more of another is TRUE.

How does opportunity cost come about?

Opportunity cost comes about because humans do not have enough resource to satisfy all our needs and wants.

As a result, we have to give up on producing certain things in order to be able to produce more of another thing.

Options for this question include:

  • True
  • False

Find out more on opportunity cost at https://brainly.com/question/1549591.

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