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- Dictionaryopportunity cost
noun
- 1. the loss of other alternatives when one alternative is chosen: "idle cash balances represent an opportunity cost in terms of lost interest"
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Jun 27, 2024 · Opportunity cost is the potential benefit lost by choosing one option over another. Learn how to calculate opportunity cost, see examples for businesses and individuals, and understand the difference between opportunity cost and sunk cost.
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4 days ago · opportunity cost, In economic terms, the opportunities forgone in the choice of one expenditure over others. For a consumer with a fixed income, the opportunity cost of buying a new dishwasher might be the value of a vacation trip never taken or several suits of clothes unbought.
Jun 12, 2024 · Opportunity cost is the amount of potential gain an investor misses out on when they commit to one investment choice over another. In other words, it's the trade-offs, or the potential benefits you sacrifice by choosing one option instead of another. Definition and Examples of Opportunity Cost.
Jun 26, 2024 · Opportunity cost is an economic decision-making approach used by business owners to determine the cost of giving up an opportunity while choosing an alternative opportunity, to allocate...
Jun 27, 2024 · In the field of economics, opportunity cost refers to the value of the next best alternative that is forgone when making a choice. Essentially, it is the cost of choosing one option over another, taking into account the benefits that could have been gained from the alternative option.
Jun 27, 2024 · Opportunity cost, also known as economic cost, is a depiction of the benefits that a company, individual, or investment foregoes by selecting one alternative over another. A company can use this information to help it decide how to use its limited resources and cash.
Jun 26, 2024 · Opportunity cost is a fundamental concept in economics that represents the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Because every resource (land, money, time, etc.) can be put to alternative uses, every action, choice, or...
