Opportunity Cost in Finance and Accounting

Opportunity Cost in Finance and Accounting

Opportunity Cost in Finance and Accounting

Opportunity Cost in Finance and Accounting

Synopsis

This volume examines the classical economic theory of opportunity cost, and its practical application in decision making, managing, and business problem solving in the fields of finance and accounting. The authors provide numerous examples to demonstrate each specific issue, and have structured their work in a way that even people with a minimum background in economics can understand. The book offers simple illustrations to introduce the framework and basic concepts, reviews applications in economic theory, and clarifies the many issues related to multidimensional and interdependent problem statements in practical situations.
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