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Opportunity Cost

Negative oppo...

Question

Negative opportunity cost indicates that one has chosen the best available option

A

True

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B

False

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Solution

The correct option is A True

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Q. Q. Which one of the following options best describes the term “Opportunity Cost”?

Q. निम्नलिखित विकल्पों में से कौन सा "अवसर लागत" (Opportunity Cost) शब्द का सर्वोत्तम वर्णन करता है?

Q. Opportunity Cost arises only when alternatives are available. This statement is:-

'Opportunity cost of negative environmental impact is high'.

Q. With the same amount of resources, a farmer can feed the following combinations of goats and horses:

	Goats	Horses
Option I	168	44
Option II	150	50

Give the option available with him, what is the opportunity cost to the farmer of feeding one horse?

'Opportunity costs of negative environmental impact are high.' Elaborate.

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