The principle of ________ is that the economic cost of using a factor of production is the alternative use of that factor that is given up.

Respuesta :

The principle of opportunity cost is that the economic cost of using a factor of production is the alternative use of that factor that is given up.
 This principle is used as a measure to choose one economic choice and  investment, either financial or capital, over another with the goal to ensure that scarce resources are used efficiently.
ACCESS MORE
EDU ACCESS
Universidad de Mexico