How does a trade off differ from an opportunity cost

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Economics Ch 1 Sec 2 Flashcards | Quizlet – How does an opportunity cost differ from a trade-off? Trade offs are all the alternatives that we give up when we choose one course of actions over others, and opportunity cost is the most desirable alternative given up as a result of a decision

Tradeoffs and Opportunity CostsWhat is the difference between a trade off and. – Trade offs create opportunity cost. What you give up is the trade off, thus creating the opportunity cost, which is the item that you have given up.

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What is the difference between a trade off and. – Trade offs create opportunity cost. What you give up is the trade off, thus creating the opportunity cost, which is the item that you have given up.

Opportunity Cost vs Trade Off – Conclusion. Trade off and opportunity cost are important and useful concepts in economics. They can be used in many business and real life situations. Trade off is sacrificing certain option to get another opportunity whereas opportunity cost is the cost that has to incur as a result of selecting the so-called opportunity. Opportunity cost is the result of trade off.

beschreibt im, bzw. austauschbeziehung, gegenläufige abhängi…, im allgemeinen eine, trade-offtrade- bzw. austauschbeziehung