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16 October, 21:33

What you give up to obtain an item is called your

a. opportunity cost.

b. direct cost.

c. explicit cost.

d. monetary cost?

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  1. 16 October, 22:48
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    A) Opportunity cost

    because an opportunity cost is for example you have to pick from a xbox one or a ps4. You saw that the ps4 was more scarce for you but you had to give up the xbox one to obtain the ps4. Nothing is free in life! You sacrificed the xbox one for the ps4
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