Which statement about opportunity cost is FALSE?

Type: MCQ • Marks: 1

A. It concerns the next best alternative

B. It is always equal to the total cost of all alternatives

C. It arises from choice

D. It reflects a trade-off

Explanation

Explanation: Opportunity cost is specifically the value of the next best alternative, not all alternatives combined.

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Class 9th Understanding Society India and Beyond, Part I

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