Questions tagged [economic concept]

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TaekwondoMasterStrengthHonor TaekwondoMasterStrengthHonor Wed Jan 08 2025 | 5 answers 1009

What best describes the idea behind opportunity cost?

I want to understand the concept of opportunity cost. I'm looking for a brief description or explanation of what opportunity cost really means, in terms of the idea or principle behind it.

What best describes the idea behind opportunity cost?
DigitalDynastyQueen DigitalDynastyQueen Mon Jan 06 2025 | 0 answers 0

Why is opportunity cost a problem?

I'm trying to understand why opportunity cost is considered a problem. It seems like whenever we make a choice, we're also giving up something else, so why is this a big deal?

Why is opportunity cost a problem?

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