The opportunity cost and some of the opportunity cost of spending $10 each week on the lottery. Opportunity costs are the benefits that a person, shareholder or company loses when choosing an alternative over an alternative. Although financial reports do not reveal the cost of opportunity, business owners can use it when they have multiple options before them to make educated decisions. Bottlenecks are often the origin of the opportunity cost.

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Chapter 1, Problem 2RQ

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To discuss: The opportunity cost and some of the opportunity cost of spending $10 each week on the lottery.

Opportunity costs are the benefits that a person, shareholder or company loses when choosing an alternative over an alternative. Although financial reports do not reveal the cost of opportunity, business owners can use it when they have multiple options before them to make educated decisions. Bottlenecks are often the origin of the opportunity cost.

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