Cryptocurrency Q&A
What is the best example of opportunity cost?
What is the best example of opportunity cost?
Fri Jan 10 2025
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6 answers
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I am trying to understand opportunity cost and am looking for a good example that illustrates this concept clearly. I want to know the best instance that demonstrates what opportunity cost really means in a practical sense.
6 answers
Sun Jan 12 2025
Standard cost is a concept that is widely used in various fields.
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Sat Jan 11 2025
For an investor or business, opportunity cost relates to the returns that could have been earned from alternative investments or projects.
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Sat Jan 11 2025
It serves as a benchmark for evaluating the efficiency and profitability of different options.
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Sat Jan 11 2025
Opportunity cost is a crucial example of standard cost.
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Sat Jan 11 2025
It refers to the potential benefits that are forfeited when one alternative is chosen over another.
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