← Back to context Comment by mathgeek 2 months ago This. If I go up to my boss and say “I spent $10000 but it only cost us $1000” then I spent $1000. 2 comments mathgeek Reply stavros 2 months ago Depends on elasticity, if you could have easily sold that $1000 worth of product and made $10k, then you spent $10k. namenotrequired 2 months ago No. Then you missed the opportunity to make 9k.
stavros 2 months ago Depends on elasticity, if you could have easily sold that $1000 worth of product and made $10k, then you spent $10k. namenotrequired 2 months ago No. Then you missed the opportunity to make 9k.
Depends on elasticity, if you could have easily sold that $1000 worth of product and made $10k, then you spent $10k.
No. Then you missed the opportunity to make 9k.