Basic Concepts Economics(wants, Scarcity, Choice, Scale Of Preference, Opportunity Cost, Rationality) Jamb Economics Past Questions
Question 66
Which of the following best describes the concept of opportunity cost?
- A. a special bargain or scale at below market price
- B. Cost of input tends to go up as we use more of them
- C. Goods that are not produced in order to produce more of another good
- D. A cost that constantly decreases
