Cryptocurrency Q&A
Which situation best describes an opportunity cost?
Which situation best describes an opportunity cost?
HanbokGlamourQueen
Thu Jan 16 2025
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6 answers
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I'm trying to understand the concept of opportunity cost. I want to know which scenario most accurately reflects this economic term, where making a choice means sacrificing an alternative option.
6 answers
DondaejiDelightfulCharm
Sat Jan 18 2025
It pertains to the advantages forfeited by declining a different path of action.
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DigitalEagle
Sat Jan 18 2025
Opportunity cost signifies the potential earnings or expenses that could have been realized or incurred.
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SeoulSerenitySeeker
Sat Jan 18 2025
This calculation is based on the hypothetical scenario where a different alternative was selected.
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KatanaSword
Sat Jan 18 2025
When an alternative is not chosen, it implies sacrificing the potential income or savings associated with that option.
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Daniele
Sat Jan 18 2025
The accurate response is option b.
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