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Hunter Hastings

Author | Entrepreneur | Economist | Free Thinker

Entrepreneurial Calculation

Per Bylund’s Tweet Stream Explains The Concept Of Economic Cost And How It Directs Investment To The Highest Return Projects.

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The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it. The cost of one action is the value you could otherwise have gained, from …

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