Meaning of opportunity cost
Which of the following expressions captures the meaning of opportunity cost?
A penny saved is a penny earned.
A fool and his money are soon parted.
A stitch in time saves nine.
There's no such thing as a free lunch.
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Switchgrass was promised to be the new crop that would replace corn as the primary feedstock for biofuels a couple of years ago. Why have we still not switched to switchgrass?
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