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What (who) is Opportunity cost - definition
Opportunity cost
WHEN PRESENTED WITH MULTIPLE OPPORTUNITIES, THE COST OF MAKING A CERTAIN CHOICE IN COMPARISON TO ITS ALTERNATIVES
Alternative cost; Hidden cost; Opportunity costs; Opportunity Cost; Oppurtunity Cost; Oppetunity cost; Hidden costs; Opprtunity cost
In microeconomic theory, the opportunity cost of a particular activity is the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity. More simply, it means if you chose one activity (for example, an investment) you are giving up the opportunity to do a different option.
opportunity cost
WHEN PRESENTED WITH MULTIPLE OPPORTUNITIES, THE COST OF MAKING A CERTAIN CHOICE IN COMPARISON TO ITS ALTERNATIVES
Alternative cost; Hidden cost; Opportunity costs; Opportunity Cost; Oppurtunity Cost; Oppetunity cost; Hidden costs; Opprtunity cost
¦ noun Economics the loss of other alternatives when one alternative is chosen.
Cost, Texas
HUMAN SETTLEMENT IN TEXAS, UNITED STATES OF AMERICA
Cost, TX
Cost is an unincorporated community in Gonzales County, Texas, United States. According to the Handbook of Texas, the community had an estimated population 62 in 2000.
Examples of use of Opportunity cost
1. "There has been a real opportunity cost to this delay," U.S. envoy Christopher Hill told reporters.
2. That has been the real opportunity cost to this," he told reporters.
3. "Everything you do has an opportunity cost," said Bean, of Illinois.
4. "There has been a real opportunity cost to this delay," Hill said.
5. It is a political investment." The opportunity cost of the deals – a loss of payment at market price – is clear, says Professor Hausmann.