Economics · Managerial Economics
The income or gain expected from the second-best alternative use of resources forgone due to the selection of the best alternative is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Equi-marginal principle
- 2Incremental principle
- 3Opportunity cost✓
- 4Marginality principle
Correct answer
Opportunity cost
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