Which of the following would be categorised as an opportunity cost? (i) wages of workers
(ii) raw material costs
(iii) forgone investment opportunities
A) (i) and (iii)
B) (iii) only
C) (ii) and (iii)
D) (i) , (ii) and (iii)
Correct Answer:
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(i)
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B)implicit costs
C)forgone
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