The real cost of producing a good is:
A)the dollar cost of inputs used to make the item.
B)the opportunity cost of producing the good.(True Answer )Correct
C)the resources that were used to make the good.
D)the dollar amount it costs to sell the good.

Question

Quizplus · Accepted Answer

The real cost of producing a good is the opportunity cost of producing the good. Opportunity cost refers to the cost of giving up the next best alternative in order to produce the good. This cost includes not only the dollar cost of inputs used to make the item but also the value of alternative uses of those inputs. Therefore, option B is the correct answer.

The Real Cost of Producing a Good Is