If we want to have more of one of the goods, we will have less of the other good. Thus, there is always a cost of having a little more of one good in…
CUET UG 2025 — Economics Micro
If we want to have more of one of the goods, we will have less of the other good. Thus, there is always a cost of having a little more of one good in terms of the amount of the other good that has to be forgone. What is this cost known as?
Held on 27 May 2025 · Verified 13 Jul 2026.
Options
- A
Total Cost.
- B
Opportunity Cost.
- C
Marginal Cost.
- D
Average Cost.
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