Economist speak about 'opportunity cost' when a p...
Economist speak about 'opportunity cost' when a person
Has the opporunity to attain a high degree of cost minimization
Has to forego one thing in order to have another
Can equate his fixed costs with his variable costs
Is able to run his business without much expenditure
Has to maximize utility in order to maintain a high standard of living
Correct answer is B
No explanation has been provided for this answer.
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