Ask Question
15 December, 16:22

Opportunity cost refers to how many inputs a producer requires to produce a good.

a. True

b. False

+1
Answers (1)
  1. 15 December, 19:24
    0
    False, opportunity cost is what you have to give up in order to obtain a good.

    Example:

    You have 30 minutes to either read a book or nap. You choose to read a book. You're opportunity cost is the 30 minutes you could have spent sleeping.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Opportunity cost refers to how many inputs a producer requires to produce a good. a. True b. False ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers