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Economist speaks about ‘opportunity cost’ when a consumer

Economist speaks about ‘opportunity cost’ when a consumer
  • A.
    he has the change to minimize cost
  • B.
    has to forgo one thing in order to have another
  • C.
    can equate his fix costs with his variable costs
  • D.
    is able to save part of his income
Correct Answer: Option B
Explanation