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Opportunity Cost Definition | Investopedia


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.

What is an opportunity cost? definition and meaning ...


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, ...

Opportunity Cost: The Concise Encyclopedia of Economics | Library ...


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, you ...

Opportunity Cost, College Economics Topics | Library of Economics ...


Opportunity cost refers to what you have to give up to buy what you want in terms .... How not to calculate opportunity cost--thinking of only similar goods: What is ...

Opportunity cost | Define Opportunity cost at Dictionary.com


Opportunity cost definition, the money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative: The company ...

Opportunity Cost: Definition & Real World Examples - Video ...


Learn the most important concept of economics through the use of real-world scenarios that highlight both the benefits and the costs of decisions. Opportunity ...

Microeconomics Topic 1: “Explain the concept of opportunity cost ...


What is scarcity? Scarcity means ... This concept of scarcity leads to the idea of opportunity cost. ... The opportunity cost includes both explicit and implicit costs.

Definitions and Examples of Opportunity Cost - The Balance


Sep 13, 2016 ... You made a choice that resulted in a trade-off. Your life is the result of your past decisions. That, essentially, is the definition of opportunity cost.

Opportunity Cost Definition | Economics Help


Mar 29, 2013 ... Definition: Opportunity cost is the next best alternative foregone. The fundamental problem of economics is the issue of scarcity. Therefore we ...

Opportunity Cost Definition - AccountingTools


Definition: Opportunity cost is the cost of not selecting the next best choice when investing resources in an activity. Opportunity cost can be used to weigh the ...

opportunity cost
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.
Source: Dictionary.com
Opportunity cost - Wikipedia
In microeconomic theory, the opportunity cost of a choice is the value (not a benefit) of the choice of a best alternative lost while making a decision. A choice ... More »
opportunity cost | Define opportunity cost at Dictionary.com
dictionary.reference.com/browse/opportunity cost
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