The measure of the cost of a particular good in terms of what is given up to produce that good is called an explicit cost.an opportunity cost.a necessary cost.a dollar cost.a fixed cost. Flag this Question
The measure of the cost of a particular good in terms of what is given up to produce that good is called an explicit cost.an opportunity cost.a necessary cost.a dollar cost.a fixed cost. Flag this Question
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 19PAE
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The measure of the cost of a particular good in terms of what is given up to produce that good is called
an explicit cost.an opportunity cost.a necessary cost.a dollar cost.a fixed cost.
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