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20 May, 14:05

What is an opportunty cost?

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Answers (2)
  1. 20 May, 15:42
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    The definition of Opportunity cost is - The loss of potential gain from other alternatives when one is chosen.
  2. 20 May, 16:37
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    The loss of potential gain from other alternatives when one alternative is chosen: "idle cash balances represent an opportunity cost in terms of lost interest"
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