Question

Which of the following is the best definition of opportunity costs?
A. the amount of one good that must be given up in order to produce one more unit of another good.
B. the amount of money that must be paid in order to purchase one more unit of a good.
C. the amount of an input that must be used in order to produce one more unit of a good.
D. the price of a good that must be charged in order for a merchant to sell one more unit.
E. none of the above.

Answer 1

Answer:

ans c is the correct ans