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Troyanec [42]
4 years ago
5

What is opportunity cost? Give a personal example, from your life, concerning opportunity cost. (Site 1)

History
1 answer:
Over [174]4 years ago
5 0

Opportunity cost is the loss of other alternatives when one alternative is chosen. It represents the benefits an individual, investor or business misses out on when choosing one alternative over another. An example is when I choose my career path. The opportunity cost represents all the other career paths that I did not choose.

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