In economics the value of what a producer or consumer is willing to give up in order to produce or buy something else is called
a) A factor of production
b) Productivity
c) A trade-off
d) An opportunity cost
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Home » Business » In economics the value of what a producer or consumer is willing to give up in order to produce or buy something else is called a) A factor of production b) Productivity c) A trade-off d) An opportunity cost