ESSENTIALS OF ECONOMICS
4th Edition
ISBN: 9781464188466
Author: KRUGMAN
Publisher: Norton, W. W. & Company, Inc.
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Chapter P1, Problem 2.1BC
To determine
Concept Introduction
Opportunity cost: Opportunity Cost is the loss of benefit incurred by a person by choosing an alternative course of action. It is the benefit given up when an option is rejected during decision making and another option is selected.
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Chapter P1 Solutions
ESSENTIALS OF ECONOMICS
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