Business Studies, asked by akhilarajendran6280, 1 year ago

Opportunity cost importance in making decision

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Answered by kylie35
1

Answer:

These are the opportunity costs. ... Every time you make a choice, you're weighing the opportunity cost of that action. Opportunity costs extend beyond just the monetary costs of a decision, but it includes all real costs of making one choice over another, including the loss of time, energy and a derived pleasure

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