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Posts tagged with 'Opportunity costs'

 

Opportunity costs explained

Posted on July 9, 2012 by accountinator 2 Comments

When faced with a decision, opportunity costs are the costs of foregoing income from choosing one alternative instead of another. For example, suppose that you are trying to decide whether to Go out for lunch in a restaurant today or Bring lunch and eat it at your desk. Lunch costs $2.00 to make. Lunch in […]
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Categories: Accounting, Operations, Productivity

Tags: Opportunity costs

 

Mark P. Holtzman, PhD, CPA, Chair and Associate Professor of Accounting, Seton Hall University

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