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Why Is Opportunity Cost Called Real Cost?

January 24, 2024 by Ahmed Ali

Why Is Opportunity Cost Called Real Cost? Opportunity cost is the value of what you lose when you choose from two or more alternatives. … “The real cost of any purchase isn’t the actual dollar cost. Rather, it’s the opportunity cost—the value of the investment you didn’t make, because you used your funds to buy

What Is The Difference Between Opportunity Cost And Money Cost?

January 24, 2024 by Ahmed Ali

What Is The Difference Between Opportunity Cost And Money Cost? Opportunity cost represents the quantum of profit that is let go, when an entity chooses one resource utilization alternative over another. Money costs are the actual cash (or credit) costs that an entity incurs during its business operations. What is a money cost? Money cost