The real cost of a commodity is

Economics WAEC 1993

The real cost of a commodity is

  • the cost of the alternative that has to be sacrificed for it
  • the alternative that has to be forgone in order to purchase it checkmark
  • its market price
  • the alternative cost involved when the opportunity of buying the commodity is missed
  • the sacrifice that is made after buying the commodity

The correct answer is: B

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