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Explain Why a Relative Price Is an Opportunity Cost

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Explain why a relative price is an opportunity cost.


Definitions:

Microgram

A unit of mass equal to one millionth of a gram.

Milliliter

A unit of volume in the metric system, equal to one thousandth of a liter.

Discontinue

To stop using a product or halt a process or treatment, often on a permanent basis.

NPO

An abbreviation for "nil per os," a medical instruction meaning to withhold oral food and fluids from a patient for a specific period.

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