Mr Idowu needs a television and a refrigerator. Each cost N500.00, the exact amount he…

Mr Idowu needs a television and a refrigerator. Each cost N500.00, the exact amount he has . If Mr. Idowu buys the television , the refrigerator would be regarded as the
  • A.
    marginal cost
  • B.
    inferior item
  • C.
    opportunity cost
  • D.
    supplementary item
  • E.
    prime cost
Correct Answer: Option C
Explanation
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