The real cost of a commodity is
...The real cost of a commodity is
The cost of the alternative that has to be sacrificed for it
The alternative that has to be forgone in order to purchase it
Its market price
The alternative cost involved when the opportunity of buying the commodity is missed
The sacrifice that is made after buying the commodity
Correct answer is B
No explanation has been provided for this answer.
The quality of labour force in Nigeria can be improved by ...
Excise duties are taxes levied on ...
To perform its function as a store of wealth and standard for deferred payment, money must be ...
The definition of economics as 'the science which studies human behaviuor as a relationship betw...
Wage freeze is a policy measure aimed at ...
The difference between payments and receipts for visible trade is called ...
The national income of a country can be estimated by the ...
Which of the following is a condition necessary for a perfect market? ...