Business
4110811997
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What's a possible opportunity cost when you spend $100 on a pair of sneakers?

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(1) Answers
peachesbrm

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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