Opportunity costs are another name for marginal costs.

Name: Opportunity costs are another name for marginal costs.
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Question

Quizplus · Accepted Answer

Opportunity costs represent the benefits an individual, investor, or business misses out on when choosing one alternative over another, while marginal costs refer to the increase or decrease in the total costs a business will incur by producing one more or one less unit of a product.

Opportunity Costs Are Another Name for Marginal Costs