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Table of contents

Defining Opportunity Cost in Economics

Explicit vs. Implicit Opportunity Costs

Calculating Opportunity Cost

Opportunity Cost in Business and Investment Decisions

Opportunity Cost and Comparative Advantage

Real-World Examples of Opportunity Cost

Frequently Asked Questions

Table of contents

Defining Opportunity Cost in Economics

Explicit vs. Implicit Opportunity Costs

Calculating Opportunity Cost

Opportunity Cost in Business and Investment Decisions

Opportunity Cost and Comparative Advantage

Real-World Examples of Opportunity Cost

Frequently Asked Questions

What is Opportunity Cost? Definition & Real-World Examples

By Hamza L - Edited Sep 30, 2024