GCE Economics 2025 Objective — Question 2
Question 2 of 60 from the General Certificate of Education (GCE) Economics 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
Real cost in Economics is same as _____ cost.
- A. average
- B. fixed
- C. marginal
Explanation
Real cost in economics refers to opportunity cost - the value of the next best alternative foregone when making a choice.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.