chaelai6Mol
chaelai6Mol chaelai6Mol
  • 13-04-2016
  • Business
contestada

What's a possible opportunity cost when you spend $100 on a pair of sneakers?

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andriansp andriansp
  • 26-04-2016
opportunity cost : the cost of an alternative that must be forgone in order to pursue a certain action

in this case, let's say that you use that $100  to buy a X-brand of sneakers. meanwhile there's Z-Brand sneakers, another alternative brand with same quality but it only cost $95, but you do not know about it. Which mean, you just loss $5 worth of opportunity cost
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