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    Opportunity cost & make or buy decisions

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    How does opportunity cost enter into the make or buy decision? What would be an example of a decision that you might make in your personal life that would involve an opportunity cost? What decision would you make and how would you change the opportunity cost if you needed to?

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    The cost of what is given up must be considered in the decision. If the company decides to make the product, the opportunity costs ...

    Solution Summary

    The solution discusses opportunity costs and make or buy decisions, and other aspects of opportunity costs. It is a brief, concise answer provided in about 100 words.