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  • 23-11-2020
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Using an example, explain what opportunity cost is. (own words)

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lexyarts101 lexyarts101
  • 23-11-2020

Answer:

When you choose something and you lost the opportunity of something else.

Explanation:

Ex: I have $10,

The game I want is $5 but the candy is $6, I have to choose one and I lost the opportunity of getting the other thing.

Or I choose to go to this party and lose the opportunity of going to the other.

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