Cryptocurrency Q&A
Which statement is the best example of opportunity cost?
Which statement is the best example of opportunity cost?
EnchantedPulse
Thu Jan 16 2025
|
6 answers
1108
I'm trying to understand the concept of opportunity cost and I'm looking for the best example that illustrates this economic principle. I want to know which statement best represents the idea of opportunity cost.
Previous
Is CryptoNight good for GPU mining?
Next
What are the advantages and disadvantages of purchase orders?
6 answers
Giovanni
Sat Jan 18 2025
Opportunity cost is a concept frequently encountered in daily life.
Was this helpful?
335
75
CryptoTrader
Sat Jan 18 2025
Take traveling as an example. When deciding how to get to a specific location, people often face various options.
Was this helpful?
194
77
Maria
Fri Jan 17 2025
One such choice is to use public transportation instead of driving one's own car.
Was this helpful?
44
95
Elena
Fri Jan 17 2025
By opting for public transportation, individuals forgo the convenience and privacy of personal vehicles.
Was this helpful?
151
74
CherryBlossomKiss
Fri Jan 17 2025
However, this choice also brings tangible benefits. Specifically, it saves money that would otherwise be spent on fuel.
Was this helpful?
307
51
Load 5 more related questions
