The concept of opportunity cost is also referred to as? by Sunday | May 23 | Economics WAEC | 0 comments A. social cost B. real cost C. fixed cost D. variable cost Correct Answer: Option B B. real cost Users Also Read These:Opportunity cost is defined as the?Abubakar has the choice of buying either a house…A student has N30.00 with which to buy a ruler…Economist speaks about "opportunity cost" when a consumer?Musa has a choice of buying a shirt; a book and a…