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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
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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