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What is a opprotunity cost?

Updated: 4/28/2022
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10y ago

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The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.

For example if you are doing work already and earning 10 and you have a new opportunity to start new project with return of 11 then 10 already you are earning is your opportunity cost to start new project.

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