anonymous
  • anonymous
How does cost differ from opportunity cost
Economics - Financial Markets
  • Stacey Warren - Expert brainly.com
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
Cost is how much you pay for something and opportunity cost is the value of the thing given up to get something else.
tkhunny
  • tkhunny
"the thing"? Is it all such things or just the next most valuable or something else?
anonymous
  • anonymous
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.

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tkhunny
  • tkhunny
You didn't answer my question.

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