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Concept Version 10
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Individuals Face Opportunity Costs

Opportunity Cost

Opportunity Cost

By choosing to go to spend time and money on things like classes and computers, you are necessarily choosing not to spend it on something else, like going on vacation. This is an opportunity cost.

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    "Caneel Bay Turtle Bay Beach 4."
    http://commons.wikimedia.org/wiki/File:Caneel_Bay_Turtle_Bay_Beach_4.jpg Wikimedia CC BY-SA.

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