| What is opportunity cost? |
|
|
|
|
|
Jensen
Member
Cash: $ 2.20
Posts: 10
Joined: 21 Apr 2012
|
| What is opportunity cost? |
 |
|
When you done business not done job the job is our opportunity cost.
|
Sat Apr 21, 2012 12:59 pm |
|
|
payment proof
Senior Member
Cash: $ 408.30
Posts: 2032
Joined: 16 Jan 2011
|
Basically, the Opportunity Cost is the cost of not following another opportunity.
For example, if you follow Opportunity A, how much could you have made if you followed Opportunity B instead?
See Proof. You can make free money online.
|
|
Sun Apr 22, 2012 3:46 am |
|
|
Jensen
Member
Cash: $ 2.20
Posts: 10
Joined: 21 Apr 2012
|
Suppose you make building on your land and start business on it and you not further it rent out. The rent is our opportunity cost.
|
|
Mon Apr 23, 2012 12:24 pm |
|
|
payment proof
Senior Member
Cash: $ 408.30
Posts: 2032
Joined: 16 Jan 2011
|
quote:
Originally posted by Jensen
Suppose you make building on your land and start business on it and you not further it rent out. The rent is our opportunity cost.
Exactly. 
See Proof. You can make free money online.
|
|
Tue Apr 24, 2012 6:49 pm |
|
|
Albert0
Member
Cash: $ 2.00
Posts: 10
Joined: 01 May 2012
Location: Paris
|
quote:
Originally posted by Jensen
Suppose you make building on your land and start business on it and you not further it rent out. The rent is our opportunity cost.
yeah agree this is classical example of opportunity cost.
|
|
Tue May 01, 2012 8:29 am |
|
|
Anol12a
New Member
Cash: $ 2.10
Posts: 9
Joined: 24 Apr 2012
|
I also agree with you .
You give best answer .
|
|
Thu May 03, 2012 12:45 pm |
|
|
Wat1son
New Member
Cash: $ 1.00
Posts: 5
Joined: 02 Oct 2012
Location: Italy
|
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
|
|
Tue Oct 02, 2012 9:30 am |
|
|
nsmith508
Member
Cash: $ 0.25
Posts: 13
Joined: 08 Nov 2012
Location: Massachusetts
|
Opportunity cost = all the other great things you will miss out on doing because of what you will do.
|
|
Thu Nov 08, 2012 10:46 pm |
|
|
JustinJLai
New Member
Cash: $ 0.65
Posts: 3
Joined: 08 Jan 2013
|
Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices.
|
|
Tue Jan 08, 2013 11:19 am |
|
|
johnmarry321
First Time Poster
Cash: $ 0.40
Posts: 1
Joined: 08 Jan 2013
|
are you sure you don't mean opportunity LOST not cost. That is the saying.
Opportunity costs nothing. Opportunity lost means a missed opportunity
|
|
Tue Jan 08, 2013 6:10 pm |
|
|
Erdelyi
New Member
Cash: $ 0.60
Posts: 3
Joined: 10 Jan 2013
|
Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone, or group, who has picked among several mutually exclusive choices.
|
|
Thu Jan 10, 2013 11:21 am |
|
|
JorgKirsch
New Member
Cash: $ 1.05
Posts: 5
Joined: 15 Jan 2013
|
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
|
|
Tue Jan 15, 2013 9:41 am |
|
|
disneytick
New Member
Cash: $ 0.60
Posts: 3
Joined: 08 May 2013
|
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
|
|
Wed May 08, 2013 11:27 am |
|
|
|
