9. The cost of one thing in terms of the alternative given up is called A. O Real cost B. O Production cost C. O Physical cost D. O Opportunity cost

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Chapter1: Making Economics Decisions
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9. The cost of one thing in terms of the
alternative given up is called
A. O Real cost
B. O Production cost
C. O Physical cost
D. O Opportunity cost
Transcribed Image Text:9. The cost of one thing in terms of the alternative given up is called A. O Real cost B. O Production cost C. O Physical cost D. O Opportunity cost
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