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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Is it possible for a person to incur an opportunity cost without spending any money? Explain.

To determine

Explain if it is possible for a person to incur an opportunity cost without spending any money.

Explanation

Yes. A person experiences opportunity cost when he gives up something in the time of making choice. For example, if a studen...

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