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2 June, 21:57

You received $50 as a birthday gift chose to spend it on new wallpaper for your room. The opportunity cost of this decision is:

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  1. 2 June, 22:21
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    The opportunity cost of reaching $50 for your birthday and spending it on new wallpaper for your room is: not having money anymore but having wallpaper. Opportunity cost is defined as what you are giving up to gain something else. In opportunity cost, you are always making a decision out of possible alternatives.
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