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Please explain the difference between a sunk cost and an opportunity cost and give an example of ...

mantparn

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7 years ago

Please explain the difference between a sunk cost and an opportunity cost and give an example of ...

Please explain the difference between a sunk cost and an opportunity cost and give an example of each type of cost.

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Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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alovely

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Solved Opportunity cost is the difference between the nominal and real cost of some action.

mantparn Author

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7 years ago

Thanks again for helping me in my management class!

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