The concept of opportunity cost is also referred to as? By: Sunday|Published on: May 23|Categories: 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:Abubakar has the choice of buying either a house…Explain the concept of i. Opportunity cost ii.…The table below shows the combinations of beans and…Opportunity cost is defined as the?The Opportunity cost ratio for cocoa and lace Tor…SEE ALSO Which of the following is NOT directly concerned with dealings in treasury bills?