Home ยป The cost of one thing in terms of the alternative given up is called Demand and Supply MCQs The cost of one thing in terms of the alternative given up is called September 27, 2022 4 Views Q. The cost of one thing in terms of the alternative given up is called: Real costProduction costPhysical costopportunity cost Answer: opportunity cost
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to
