There is always a cost of having a little more of one good in terms of the amount of the other good that has to be forgone. This cost is known as........................ Option 1: Marginal Cost Option 2: Opportunity Cost Option 3: Average Cost Option 4: Total Variable Cost

The answer is 'Opportunity Cost'. View full solution:

CUET Economics - There is always a cost of having a little more of one good in terms of the amount of the other good that has to be forgone. This cost is known as........................ | PYQs + Solutions

CUET Economics 2026 15th May Shift 1

Micro

Easy

Marginal Cost

Opportunity Cost

Average Cost

Total Variable Cost

✅ Correct Option: 2