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Opportunity cost is the value of the next best alternative that must be foregone to undertake an activity. It represents the real cost of a decision.
Economics
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D
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Opportunity cost is the value of the next best alternative that must be foregone to undertake an activity. It represents the real cost of a decision. The correct option is (d). Answer for 1:
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The order of ranking needs according to their importance is a scale of preference. The correct option is (c). Answer for 2:
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Step 1: Arrange the scores in ascending order.
Step 2: Identify the
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