Opportunity Costs Are Another Name for Marginal Costs

question 118

True/False

Opportunity costs are another name for marginal costs.

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Definitions:

Local Environment

The specific surroundings or conditions in which a person, plant, or animal lives or operates.

Restriction

The limitation or control of someone or something, or the action of such limitation.

Community Ecology

The description and analysis of patterns and processes within the community.

Biological Community

An assemblage of different species living in the same area, which interact with each other.