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As we discuss decision making and having all the relevant information, one of the things we must think about are opportunity costs. Lets look at
As we discuss decision making and having all the relevant information, one of the things we must think about are opportunity costs. Lets look at how this concept would apply in your life.List two opportunities you would forgo when you decide to study on a Friday night. List relevant cash flows for those two opportunities. Is it possible to assign a quantitative value to the benefits you receive from either of these two missed opportunities? Explain.
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