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3. Define opportunity cost. Give an example of a personal decision you made within the past year. What explicit costs were involved

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Answer:

The interpretation including its question would be characterized underneath in the explanatory paragraph.

Step-by-step explanation:

  • Opportunity costs are economic downsides that authority, an investment company, or perhaps a corporate mess up because once making a choice one alternate solution more than another.
  • This same judgment I decided to make since then has been to attend college rather than just continuing to operate at the local grocery store.
  • Explicitly associated costs throughout someone's intention to pursue are school fees, sleeping expenditures, journals, cars something which I bought to pursue higher education.
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