The real opportunity cost of producing product X is the amounts of products Y,Z,and so forth,that might have been produced if resources had not been used to produce X.

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Inedra Forbes · Accepted Answer

Final Answer : True, Explanation :  The definition of opportunity cost is the next-best alternative given up when making a decision. In this case, if resources are diverted towards producing product X, then the opportunity cost is what could have been produced if those resources were used for producing other products such as Y or Z.

The real opportunity cost of producing product X is the amounts of products Y,Z,and so forth,that might have been produced if resources had not been used to produce X.

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