What is the opportunity cost?

The opportunity cost of attending a full-time job is the money that could have been earned from taking a part-time job.

The opportunity cost of investing in stocks is the potential return that could have been earned from investing in bonds.

The opportunity cost of going to a movie is the money that could have been saved by staying at home and watching a movie.

The opportunity cost of buying a new car is the money that could have been saved by purchasing a used car.

The opportunity cost of taking a vacation is the money that could have been earned by working overtime.

The opportunity cost of attending a four-year university is the potential income that could have been earned by entering the workforce after high school.

The opportunity cost of eating out is the money that could have been saved by cooking meals at home.

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