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List five (5) examples of opportunity cost when you choose to complete your assignment.

   List five (5) examples of opportunity cost when you choose to complete your assignment. 


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Answer #1

This is because opportunity cost is the cost of next best alternative. It is the cost involved in making a decision. For instance, when an individual buys a car, he could have used that money for buying a house or investing in stock market. Thus, he has made a choice. All these decision involve letting go of some alternatives which an individual could have chosen.

In completing homework assignment, an individual could have used that time for working more and earning more. Thus, all the options are correct because all decisions involve opportunity cost in the form of time, money etc.


answered by: ANURANJAN SARSAM
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