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Sagot :
Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase
What is opportunity cost?
Opportunity Cost of a product is the amount of money or benefits that is lost when a particular products is not used again.
The product is left for another alternative that is better.
Therefore, Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase
Learn more on opportunity cost below,
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