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The measure of the cost of a particular good in terms of what is given up to produce that good is called 1. a fixed cost. 2. a dollar cost. 3. a necessary cost. 4. an opportunity cost. 5. an
explicit cost.
The measure of the cost of a particular good in terms of what is given up to produce that good is called an opportunity [ cost. ]
Expert answered|emdjay23|Points 2873|
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Asked 11/29/2013 12:57:19 PM
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Questions asked by the same visitor
The measure of the cost of a particular good in terms of what is given up to produce that good is called (Points : 1) 1. a fixed cost. 2. a dollar cost. 3. a necessary cost. 4. an opportunity cost. 5. an explicit cost.
Weegy: The measure of the cost of a particular good in terms of what is given up to produce that good is called: An opportunity cost. (More)
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Expert Answered
Asked 11/29/2013 12:55:52 PM
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If the demand for coffee decreases as income decreases, coffee is a(n): 1. normal good. 2. inferior good. 3. substitute good. 4. complementary good.
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Updated 2 days ago|9/27/2016 3:50:57 PM
1 Answer/Comment
If the demand for coffee decreases as income decreases, coffee is a normal good.
Added 2 days ago|9/27/2016 3:50:57 PM
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