Question on: JAMB Economics - 1994
Opportunity cost is an economic concept which describes the?
A
monetary equivalent of the utility of a commodity
B
amount of time or money invested on a commodity
C
sacrifice made for the satisfaction of a want
D
cost of retaining an optimum level of production of commodities
Ask EduPadi AI for a detailed answer
Correct Option: C
Add your answer
Please share this, thanks!
No responses