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How does "cost" differ from "opportunity cost"?

2 Answers

5 votes
Thanks for telling me this
User Markus Millfjord
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6 votes

Answer:

"cost" represents the money paid for something and "opportunity cost" is the value of the thing given up when one chooses something else.

Step-by-step explanation:

I got this answer from a different website because I'm not very good at explaining stuff like this but I took financial math and this is a good answer.

User Wyzard
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