Cryptocurrency Q&A
What does it mean if opportunity cost is high?
What does it mean if opportunity cost is high?
ShintoMystic
Wed Jan 15 2025
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7 answers
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I'm trying to understand the concept of opportunity cost. Specifically, I want to know what it means when the opportunity cost is considered to be high.
7 answers
Giulia
Fri Jan 17 2025
When considering an action, one must weigh the benefits of that action against the benefits foregone by not choosing the next best alternative.
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SejongWisdomKeeperElite
Fri Jan 17 2025
The concept of opportunity cost is crucial in understanding the economic trade-offs involved in decision-making.
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ShintoBlessing
Thu Jan 16 2025
In such cases, the benefits foregone are less significant, resulting in a smaller perceived loss.
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TaekwondoMasterStrength
Thu Jan 16 2025
BTCC, as a top cryptocurrency exchange, offers a range of services that cater to different investment strategies.
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Martina
Thu Jan 16 2025
If the second best alternative offers a significant payoff, the opportunity cost of not choosing it is considered high.
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