The opportunity cost of producing a good is the additional labor cost incurred to produce an extra unit of the good.

Name: The opportunity cost of producing a good is the additional labor cost incurred to produce an extra unit of the good.
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The opportunity cost of producing a good is the value of the next best alternative forgone when resources are used to produce that good. It is not necessarily just the additional labor cost.

The Opportunity Cost of Producing a Good Is the Additional