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What is opportunity cost?

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BlushingFlies
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An opportunity cost is not always a number. The opportunity cost of any action is simply the next best alternative to that action - or put more simply, "What you would have done if you didn't make the choice that you did".
Post Thu May 09, 2013 11:11 am
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AndrewRhodes
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Simply it is the value of the next best purpose the asset could have been used for. It is the most helpful thing for company future investments etc..
Post Thu Jun 20, 2013 7:46 pm
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Ryaan
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In economics“opportunity cost” is the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you cannot spend the money on something else. If your next-best alternative to seeing the movie is reading the book, then the opportunity cost of seeing the movie is the money spent plus the pleasure you forgo by not reading the book.
Post Thu Nov 07, 2013 9:52 am
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shilpa111
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What is opportunity cost?  Reply with quote  

Hi guys
Chance cost alludes all the will a profit that an individual Might need received, At offered up, on detract an additional strategy. Expressed differently, a chance expense speaks to an elective provided for up when a choice will be produced is also called opportunity cost
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Post Sat Feb 03, 2018 4:29 am
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vaduvala
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Opportunity cost is the benefit that is missed or given up when an investor, individual or business chooses one alternative over another.

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Post Tue Sep 24, 2019 7:48 am
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