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In Business / High School | 2025-07-03

Opportunity cost occurs because of a producer's need to
A. limit resources.
B. protect resources.
C. allocate resources.
D. spend resources.

Asked by saniyahduckett655

Answer (2)

Opportunity cost is the value of the next best alternative that is forgone when making a decision due to limited resources. In this context, producers need to allocate resources effectively to optimize their production choices. Therefore, the correct answer to the question is to "allocate resources."
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Answered by Anonymous | 2025-07-04

Opportunity cost involves the trade-offs made when allocating limited resources. It highlights the value of the next best alternative that is sacrificed in a decision. The concept is crucial for producers to optimize their production choices. ;

Answered by GinnyAnswer | 2025-07-04

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