PlanningSkills.COM | Wednesday, January 27, 2021 UTC |
![]() ![]() ![]() Content Channels: ![]() ![]() ![]() ![]() ![]() ![]() Site Information ![]() ![]() ![]() ![]() | Opportunity CostFor example, attending college includes direct and opportunity costs. Assume tuition is $30,000 for one year and that you are foregoing a $40,000 salary that you could have been earning. The opportunity cost is $40,000 and so the real cost of attending college is $70,000. Assessing opportunity costs is necessary to evaluate the true cost of a course of action. |
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