Question

Demonstrating opportunity cost is done through production

analysis.
possibility.
calculation.
research.

Answer 1

Answer: It's B: Possibilty

Explanation: B

Answer 2

Demonstrating opportunity cost is done through production possibility.

Costs and production possibilities

A cost can be defined as a specific value for obtaining a particular service and/or product.

• Production possibilities are largely dependent on the costs that a service/product conveys.

• In the economy, industries are aimed at amortizing the costs and simultaneously improving the quality.

In conclusion, demonstrating opportunity cost is done through production possibility.

Learn more about production possibilities here:

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