Opportunity cost is the profit lost when one alternative is selected over another. The concept is useful simply as a reminder to examine all reasonable alternatives before making a decision. For example, you have $1,000,000 and choose to invest it in a product line that will generate a return of 5%. If you could have spent the money on a different investment that would have generated a return

profit, revenue, production cost The chart below shows a probability schedule for a pastry shop that makes $0.50 profit per donut and $0.75 profit per bagel. Choice ( ) presents the lowest opportunity cost. Can opportunity cost be zero? - Quora Opportunity cost is the cost of forgoing one alternative for the next best alternative, say, for example, for a lawyer the opportunity cost for doing a job is the opportunity cost for practising as a lawyer. Opportunity cost can be zero in the cas Reading: The Concept of Opportunity Cost | Microeconomics Opportunity cost also comes into play with societal decisions. Universal health care would be nice, but the opportunity cost of such a decision would be less housing, environmental protection, or national defense. These trade-offs also arise with government policies. For example, after the terrorist plane hijackings on September 11, 2001, many What is opportunity cost? | BigCommerce

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Opportunity Cost: Definition and Examples - SmartAsset Blog

Opportunity cost is the value of something when a certain course of action is chosen. The benefit or value that was given up can refer to decisions in your personal life, in an organization, in the country or the economy, or in the environment, or on the governmental level.

Jun 12, 2019 How To Calculate Opportunity Cost: The Hidden Cost Of The opportunity cost of choosing $10,000 in new furnishings and the 190K mortgage over the 30-year $200K is $111,840. That’s huge. Or let’s say you were torn between making a car down payment of $10,000 or investing that same $10,000 into an index fund.