Examlex
Place theory explains how we hear:
Tuition
The fee charged for instruction, typically at an educational institution like a university or college.
Opportunity Cost
The worth of the best option given up because of a choice made.
Dollar Terms
Financial transactions or economic measurements that are denominated in the U.S. dollar currency.
Opportunity Cost
Opportunity cost is the value of the next best alternative foregone as the result of making a decision, essentially what you give up to get something else.
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