Meaning of constant opportunity cost
Constant opportunity cost
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Economics terminology
Glossary of economics terms and concepts
Meaning and definition of constant opportunity cost
An opportunity cost that remains the same for each additional unit as a consumer (or society) shifts purchases (production) from one product to another along a straight-line budget line (production possibilities curve).
For the term constant opportunity cost may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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