Opportunity cost
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In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives. Wikipedia
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Opportunity cost is the potential forgone profit from a missed opportunity—the result of choosing one alternative over another.
In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be ...
Jan 29, 2020 · “Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up,” explains Andrea Caceres-Santamaria, ...
Apr 1, 2024 · The opportunity cost is the value the company forgoes when choosing one option over another, whether the loss is monetary or use of time ( ...
Duration: 2:46
Posted: Aug 14, 2018
Posted: Aug 14, 2018
But looks can be deceiving. The true cost is $12,000 plus the income the student forgoes by attending school rather than working. If the student could have ...
Mar 29, 2021 · Opportunity cost is the value of what you lose when you choose from two or more alternatives. It's a core concept for both investing and life in ...
Opportunity Cost | Definition, Calculation & Types - Lesson
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Opportunity Cost is a cost of either time, effort, or opportunity that someone gives up when they make one choice as opposed to another. When you make one ...
Jun 29, 2022 · Opportunity cost is the amount of potential gain an investor misses out on when they commit to one investment choice over another.