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Roylyn Mc Natt
on Nov 11, 2024

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Opportunity cost is always measured in dollar terms,rather than in terms of real goods and services.

Opportunity Cost

The worth of the best option given up because of a choice made.

Dollar Terms

Financial transactions or economic measurements that are denominated in the U.S. dollar currency.

  • Understand the effects of opportunity costs in non-financial aspects.
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Youlanda MosesNov 18, 2024
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