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The opportunity cost of changing your decision on a college major highest after you have completed all but one of the credits required to complete your chosen major.
What are opportunity costs?
- Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options.
- Opportunity costs are by definition invisible, making it simple to ignore them.
- Making smarter decisions require an understanding of the possible opportunities lost when a company or person selects one investment over another.
- Opportunity cost is the advantage that was lost because a particular option was not selected.
it is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. Opportunity costs have a value that can help people and businesses make more lucrative decisions.
Know more about opportunity costs with the help of the given link:
https://brainly.com/question/13036997
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