In this episode, MJ the tutor explores the concept of opportunity cost through relatable scenarios like deciding whether to attend an overseas conference or stay at work. The episode also emphasises that opportunity cost isn't just about direct expenses or benefits but also about considering what could have been achieved by choosing an alternative course of action.
Accounting Makes Cents is a biweekly podcast dedicated to CIMA accounting students and those still thinking about it. Episodes will range from providing study tips and resources to brief discussions of CIMA syllabus topics.
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Resources and links from this episode:
MJ the tutor on Relevant Costs - https://mjthetutor.com/2018/08/22/relevant-costs/
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