What Is an Opportunity Cost? Should It Be Included in the Incremental

question 71

Essay

What is an opportunity cost? Should it be included in the incremental cash flows for a project? Why or why not?

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Definitions:

Identical Twins

Twins that develop from a single fertilized egg, splitting and forming two individuals with practically identical genetic material.

Schizophrenia

A psychological condition marked by disturbances in thinking, perception, emotions, and social behavior.

Diagnosed

The identification of the nature of an illness or other problem through examination of the symptoms.

Hallucination

The experience of sensing or perceiving things that are not present or do not exist in the external environment, often auditory or visual in nature.