One Person's Source of ______________ Can Be Another Person's Source

question 67

Short Answer

One person's source of ______________ can be another person's source of ______________.

---

Definitions:

Hidden Cost Fallacy

A misconception in decision-making that overlooks indirect or non-obvious costs associated with a choice or action.

Opportunity Costs

Missing out on potential gains from different choices due to opting for a particular alternative.

Cost of Capital

The return rate that a company must earn on its investment projects to maintain its market value and attract funds.

Opportunity Cost

Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.