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21 February, 19:05

Opportunity cost refers to how many inputs a producer requires to produce a good.

a. True

b. False

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Answers (1)
  1. 21 February, 19:24
    0
    False, opportunity cost is what you have to give up in order to obtain a good.

    Example:

    You have 30 minutes to either read a book or nap. You choose to read a book. You're opportunity cost is the 30 minutes you could have spent sleeping.
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