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Title: When looked at on a national scale, the opportunity costs of producing a certain output are defined as Post by: jus10n on May 19, 2020 When looked at on a national scale, the opportunity costs of producing a certain output are defined as
▸ explicit + implicit costs of the production. ▸ what it costs society as a whole to produce that output in terms of the best alternatives forgone. ▸ the marginal cost. ▸ what it costs a firm to produce that output in terms of the best alternatives it has forgone. Title: When looked at on a national scale, the opportunity costs of producing a certain output are defined as Post by: h00304413 on May 19, 2020 Content hidden
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