Question: When a firm uses resources to produce a particular output, the implicit cost of alternative outputs that could have been produced represent the: a) total

When a firm uses resources to produce a particular output, the implicit cost of alternative outputs that could have been produced represent the: 

a) total accounting cost of using the resources.

b) opportunity cost of using the resources.

c) explicit cost of using the resources.

d) production cost of using the resources

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