[Answer] How do opportunity costs differ from trade-offs?

Answer: opportunity costs has a value and trade-offs don't when you give it up.

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How do opportunity costs differ from trade-offs? Trade-off is sacrificing a certain option to choose another opportunity whereas opportunity cost is the cost that has to incur as a result of selecting the so-called opportunity. Thus the opportunity cost is always the result of tradeoff. This is the main difference between Opportunity Cost and Trade Off. Sat Jan 20 2018 · Conversely the opportunity cost is defined as the cost of opting one course of action and forgoing another opportunity to undertake that course of action. Trade-off refers to all the other alternatives which are foregone to do what we want. On the contrary the opportunity cost is the expected return on an investment other than the existing one. Thu Sep 15 2016 · Trade-off is sacrificing a certain option to choose another opportunity whereas opportunity cost is the cost that has to incur as a result of selecting the so-called opportunity . Thus the opportunity cost is always the result of tradeoff. This is the main difference between Opportunity Cost and Trade Off. This article explains 1. Fri Jun 03 2011 · Opportunity Cost vs Trade Off • Trade off and opportunity cost are two concepts that are made use of in many situations in life. • Though similar in meaning trade off is sacrificing one thing to get another while opportunity cost ...

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