This preview shows page 1. Sign up to view the full content.
Unformatted text preview: From this perspective, the interest cost is considered an opportunity cost. Opportunity cost is basically what you sacrifice (give up) to choose one alternative over another. We will discuss opportunity cost in much greater detail later in the course. 7...
View Full Document
This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10