nwashington07
nwashington07 nwashington07
  • 20-03-2020
  • Social Studies
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Which type of cost occurs when an individual pays for a piano lesson instead of going to a movie?

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SmartPieceOfCookie
SmartPieceOfCookie SmartPieceOfCookie
  • 20-03-2020

Answer:

This type of cost is called an opportunity cost.

Explanation:

Opportunity cost is the profit lost when one alternative is selected over another. In this case, the individual selects a piano lesson over a movie. One alternative was selected over another.

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