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anonymous

  • one year ago

How does cost differ from opportunity cost

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  1. anonymous
    • one year ago
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    Cost is how much you pay for something and opportunity cost is the value of the thing given up to get something else.

  2. tkhunny
    • one year ago
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    "the thing"? Is it all such things or just the next most valuable or something else?

  3. anonymous
    • one year ago
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    Opportunity cost is like a chance that you take and cost is something you have to pay and is fixed like say your rent that is a cost but buying that candy bar for your shop is a opportunity cost.

  4. tkhunny
    • one year ago
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    You didn't answer my question.

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