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What is meant by foregone cost in micro economics?
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What is meant by foregone cost in micro economics?
In a basic economic sense, cost is the measure of the alternative opportunitiesforegone in the choice of one good or activity over others. ... More conventionally,cost has to do with the relationship between the value of production inputs and the level of output.
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What is meant by foregone cost in micro economics?
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What is meant by foregone cost in micro economics? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about What is meant by foregone cost in micro economics? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is meant by foregone cost in micro economics?.
What is meant by foregone cost in micro economics? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about What is meant by foregone cost in micro economics? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is meant by foregone cost in micro economics?.
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