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  • Leonard Pokrovski
    agregó una foto Economics
    2026-01-27 18:49:46 -
    What Is Opportunity Cost?
    What Is Opportunity Cost? Every choice we make comes with a trade-off. When you decide how to spend your time, money, or effort, you are implicitly giving up the next best alternative. Economists call the value of that forgone alternative opportunity cost. Understanding opportunity cost helps explain everyday decisions—from studying for an exam to starting a business—and is a core...
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