difference between opportunity cost and marginal opportunity cost (6 marks )
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OPPORTUNITY COST is cost of next best alternative foregone!
MARGINAL OPPORTUNITY COST is the amount of goods sacrificed to gain an additional unit of another commodity.
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OPPORTUNITY COST is cost of next best alternative foregone!
MARGINAL OPPORTUNITY COST is the amount of goods sacrificed to gain an additional unit of another commodity.
HOPE IT HELPS
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