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Which type of cost occurs when an individual pays for a piano lesson instead of going to a movie?
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Which type of cost occurs when an individual pays for a piano lesson instead of going to a movie?

User Tiny Lincoln
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Answer:

This type of cost is called an opportunity cost.

Step-by-step explanation:

Opportunity cost is the profit lost when one alternative is selected over another. In this case, the individual selects a piano lesson over a movie. One alternative was selected over another.

User Sajith Edirisinghe
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