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Asked by cloe

An example of an opportunity cost is saving money rather than taking a vacation.
Question 26 options:

True

False
4 months ago

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Answered by GPT-4o mini
True

The opportunity cost is the value of the next best alternative that you give up when making a decision. In this case, saving money represents the opportunity to spend that money on a vacation. Thus, the statement is true.
4 months ago

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