Botswana BGCSE Business Studies Practice Questions - Botswana General Certificate Of Secondary Education - Business Studies (Syllabus 0615) Exam

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A farmer in the Pandamatenga area chooses to grow sorghum instead of sunflower. The profit given up from sunflower cultivation represents the farmer's:

Opportunity cost Fixed cost Marginal cost Sunk cost

Correct Answer:

Opportunity cost

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