The foregone alternative in Economics is simply the
...The foregone alternative in Economics is simply the
Marginal cost
Cost of foreign products
Total cost
Opportunity cost
Average cost
Correct answer is D
No explanation has been provided for this answer.
Amount of goods offered to the market at respective prices and presented in a table is called ...
In an industrial area, the location of industries is particularly influenced by ...
In the figure above, The broken line labelled M is the marginal revenue curve of a ...
Given that TR is total revenue, then TRn -TR (n-1) can be used to find the ...
The specialization of labour enhances production because people ...
The problem of “how to produce” in any economy is solved by ...