Question

what is the cost required when the factors of production are allocated toward one good over another good? total cost marginal utility opportunity cost factors of production

Explanation:

This term refers to the value of the next-best alternative that is given up when choosing to allocate resources to produce one good instead of another. The other options do not fit: total cost is the full cost of production, marginal utility is the satisfaction from an extra unit, and factors of production are the inputs used to make goods.

Answer:

opportunity cost