Q1316
A person is obliged to choose between buying a sewing-machine and a radio. He buys the radio. The opportunity cost of the radio may be said to be
A.
the satisfaction obtained from its purchase
B.
the sewing-machine he had to do without
AnswerC.
the scarcity value of the radio in money terms
D.
the average cost of both commodities
Answer: Option B
Solution
Answer: Option B
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