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What is opportunity cost?

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Jensen
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What is opportunity cost?  Reply with quote  

When you done business not done job the job is our opportunity cost.
Post Sat Apr 21, 2012 12:59 pm
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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.
Post Sun Apr 22, 2012 3:46 am
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Jensen
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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.
Post Mon Apr 23, 2012 12:24 pm
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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. Smile

See Proof. You can make free money online.
Post Tue Apr 24, 2012 6:49 pm
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Albert0
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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.
Post Tue May 01, 2012 8:29 am
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Anol12a
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I also agree with you .
You give best answer .
Post Thu May 03, 2012 12:45 pm
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Wat1son
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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.
Post Tue Oct 02, 2012 9:30 am
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nsmith508
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Opportunity cost = all the other great things you will miss out on doing because of what you will do.
Post Thu Nov 08, 2012 10:46 pm
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JustinJLai
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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.
Post Tue Jan 08, 2013 11:19 am
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johnmarry321
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are you sure you don't mean opportunity LOST not cost. That is the saying.

Opportunity costs nothing. Opportunity lost means a missed opportunity
Post Tue Jan 08, 2013 6:10 pm
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coaster
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quote:
Originally posted by johnmarry321
are you sure you don't mean opportunity LOST not cost.

"opportunity cost" is a legitimate financial term; here is the definition:

http://www.investopedia.com/terms/o/opportunitycost.asp#axzz2HSgesf00

~Tim~
Post Wed Jan 09, 2013 7:37 am
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Erdelyi
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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.
Post Thu Jan 10, 2013 11:21 am
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JorgKirsch
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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.
Post Tue Jan 15, 2013 9:41 am
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