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12 March, 09:08

What's a possible opportunity cost when you spend $100 on a pair of sneakers?

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  1. 12 March, 09:11
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    Opportunity cost : the cost of an alternative that must be forgone in order to pursue a certain action

    in this case, let's say that you use that $100 to buy a X-brand of sneakers. meanwhile there's Z-Brand sneakers, another alternative brand with same quality but it only cost $95, but you do not know about it. Which mean, you just loss $5 worth of opportunity cost
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