Cryptocurrency Q&A
What is a practical example of opportunity cost?
What is a practical example of opportunity cost?
Sat Jan 11 2025
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6 answers
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I'm trying to understand opportunity cost better. Can someone provide me with a real-life example that illustrates this concept clearly?
6 answers
Mon Jan 13 2025
Similarly, the notion of opportunity cost extends to the use of time.
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Mon Jan 13 2025
In the context of investing capital, the concept of opportunity cost plays a crucial role.
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Mon Jan 13 2025
It refers to the potential return that an investor could have earned from an alternative investment.
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Mon Jan 13 2025
This means that whenever capital is allocated to a particular project, the investor foregoes the chance to invest in other potentially lucrative opportunities.
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Sun Jan 12 2025
Time spent on one task or project implies that the same time cannot be utilized for another task.
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