Opportunity cost is the __________.
1)cost of the best alternative use of money, time, or resources when one choice is made rather than another
2)tools, equipment, and factories used in the production of goods and services
4)condition that arises when society does not have enough resources to produce all the things people want to own
4)combined goods and/or services that an economy can produce when all productive resources are fully employed
1)cost of the best alternative use of money, time, or resources when one choice is made rather than another
2)tools, equipment, and factories used in the production of goods and services
4)condition that arises when society does not have enough resources to produce all the things people want to own
4)combined goods and/or services that an economy can produce when all productive resources are fully employed