Opportunity cost is the cost we pay when we give up something to get something else. Many other ways we give up something to gain a similar profit.
Some examples of oppurtunity costs would be like if you have a job and you give up work to work in another firm to help your family out, ending up making the same amount of money. Or you could just sleep in. Opportunity cost is the most desirable thing given up not the aggregate of the things we gave up.
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