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what is the meaning of opportunity cost?

Asked by: 604 days ago - 1 Answers - 1197 views

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    Oppurtunity cost is the cost of choosing to take one action instead of another. For example, maybe you can make 50k a year with an undergraduate degree, but you decide to obtain your grad degree the next two years. Opportunity cost is giving up that yearly income.

    Answer by Rick 603 days ago


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