NABTEB Economics 2025 Objective — Question 2

Question 2 of 60 from the National Business and Technical Examinations Board (NABTEB) Economics 2025 Objective paper, with the correct answer and a full explanation.

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.

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