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8. How are trade-offs and opportunity costs different?
It is more important to be aware of the trade-off when deciding something.
A trade-off can be put on a decision-making grid, but
A trade-off is the most expensive opportunity cost.
fm opportunity cost cannot.
The opportunity cost is the most desirable trade-off.



Answer :

GinnyAnswer

Final answer:

Trade-offs and opportunity cost are distinct in decision-making, with trade-offs involving sacrificing one benefit for another, while opportunity cost represents the most desirable forgone alternative.


Explanation:

Trade-offs and opportunity cost are different concepts in decision-making. A trade-off occurs when one benefit is given up to gain another, while opportunity cost is the most desirable alternative given up in the decision-making process. An example is choosing between going to a movie or seeing a concert, where the next best alternative becomes the opportunity cost.


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