Cryptocurrency Q&A What is the difference between opportunity cost and cost benefit?

What is the difference between opportunity cost and cost benefit?

CryptoWizardry Tue Jan 07 2025 | 7 answers 1080

I'm trying to understand the difference between opportunity cost and cost benefit. I know they are both economic concepts, but I'm not sure how they differ from each other or how to apply them in decision-making. What is the difference between opportunity cost and cost benefit?

What is the difference between opportunity cost and cost benefit?

opportunity cost cost benefit difference

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