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24 June, 21:48

A person who wants to buy a compact disc (cd) has just enough money to buy one, and chooses cd a instead of cd

b. what is cd b?

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  1. 25 June, 00:44
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    If someone who wants to acquire a compact disc (CD) has just sufficient money to buy one, and chooses CD a instead of CD b, then CD B is the opportunity cost.

    To add, opportunity cost. the loss of potential gain from other alternatives when one alternative is chosen.
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