Asked by jhon
When studying finance or economics, the cost of a decision is also known as a(n)
personal cost.
financial cost.
long-term cost.
opportunity cost.
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Answered by
GPT-5 mini
AI
opportunity cost.
This is the value of the next-best alternative you give up when you make a choice — the true “cost” of a decision in economics.
This is the value of the next-best alternative you give up when you make a choice — the true “cost” of a decision in economics.
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