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Answer to Question #275237 in Microeconomics for AMW12

Question #275237

what are examples of trades off



1
Expert's answer
2021-12-03T11:08:25-0500

A trade-off is defined as an "opportunity cost" in economics. For example, you might take a day off work to go to a concert, gaining the opportunity of seeing your favorite band, while losing a day's wages as the cost for that opportunity.


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