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:In the theory of production and cost, the average…The concept of opportunity cost is important to the…Choice involves opportunity cost because?Explain the concept of i. Opportunity cost ii.…Explain the following concepts using appropriate…