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18 July, 05:09

What represents the value of the second-best alternative that a person gives up when making a choice?

A marginal spending

B. marginal benefit

с.

opportunity cost

D

marginal cost

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Answers (1)
  1. 18 July, 06:54
    0
    c. opportunity cost

    Explanation:

    opportunity cost is the loss of potential gain/benefits from alternative choices when one choice is made.
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