select the correct answer from each drop - down menu. if the cost for producing a particular good is lower…
select the correct answer from each drop - down menu. if the cost for producing a particular good is lower for one producer than another, the former producer has for producing the good. labor operating opportunity reset next
Answer
Brief Explanations:
In economics, when one producer has a lower opportunity - cost for producing a good compared to another, it means they give up less to produce that good. Labor cost and operating cost are specific types of costs, but the key concept here is opportunity - cost which represents the value of the next best alternative forgone.
Answer:
opportunity