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selecting an alternative use of resources is most often referred to as a
a. relevant cost.b. sunk cost.c. opportunity cost.d. differential cost.
opportunity cost..........................
Opportunity cost. It is the profit foregone by selecting the other alternative.
>>>>>>>>>>>c. opportunity cost<<<<<<<<<<<<<
'Opportunity Cost
'The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
agree with answers .....................................
c. opportunity cost
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