Cryptocurrency Q&A
Which cost is an example of opportunity cost?
Which cost is an example of opportunity cost?
CryptoPioneer
Wed Jan 22 2025
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5
answers
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I'm trying to understand opportunity cost. Can you provide an example of a cost that would be considered an opportunity cost?
5 answers
SamsungSpark
Thu Jan 23 2025
Standard cost is a concept that is widely used in various fields.
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Lorenzo
Thu Jan 23 2025
These foregone benefits are referred to as opportunity costs.
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SamsungShine
Thu Jan 23 2025
It serves as a benchmark for evaluating the efficiency and profitability of different options.
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KatanaBladed
Thu Jan 23 2025
Opportunity cost stands out as a prime example of standard cost.
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JejuJoyful
Thu Jan 23 2025
When an individual, investor, or business selects one alternative, they inevitably forgo the potential benefits associated with other alternatives.
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