Question: What is meant by the term opportunity costs when evaluating from different projects? For example, the opportunity cost of going to college is that you

What is meant by the term opportunity costs when evaluating from different projects?
For example, the opportunity cost of going to college is that you might not be able to pursue a 2nd job to earn money. This is a short term financial hit, but in the long-term you will earn more money. Can you give us another example?

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