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Social StudiesSocial Studies
7 June, 02:54

Which of the following has the largest impact on opportunity cost?

consumer wants

tight deadlines

consumer needs

limited resources

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Answers (1)
  1. 7 June, 03:23
    0
    Limited resources has the largest impact on opportunity cost. This is because when there is a limited resource (example: oil, natural gas) the opportunity cost make sure that they are used in the most efficient way possible to ensure that they are not easily depleted. A renewable resource such as water, wind, timber and oxygen are not impacted by opportunity cost.
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