the money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative: The company cannot afford the opportunity cost attached to policy decisions made by the current CEO.
Opportunity cost - Wikipedia
In microeconomic theory, the opportunity cost, also known as alternative cost, is
the value (not a benefit) of the choice of a best alternative lost while making a ... More »
1. The cost of an alternative that must be forgone to pursue a certain action, or the
benefits you could have received by taking an alternative action. 2.
Definition of opportunity cost: A benefit, profit, or value of something that must be
given up to acquire or achieve something else. Since every resource (land, ...
When economists refer to the “opportunity cost” of a resource, they mean the
value of the next-highest-valued alternative use of that resource. If, for example,
Jun 10, 2013 ... The opportunity cost of capital is the incremental return on investment that a
business foregoes when it elects to use funds for an internal project ...
The opportunity cost in this situation is the increased lifetime earnings that may
have resulted from getting the graduate degree -- that is, you choose to forgo the
Opportunity cost definition, the money or other benefits lost when pursuing a
particular course of action instead of a mutually-exclusive alternative: The
Opportunity cost is the cost of an economic choice in terms of what was ... What is
the opportunity cost to a developing country of producing nuclear weapons?